Bill Text: NY S07772 | 2011-2012 | General Assembly | Introduced
Bill Title: Creates the telecommunication and cable industry New York jobs tax credit.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2012-06-18 - REFERRED TO RULES [S07772 Detail]
Download: New_York-2011-S07772-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 7772 I N S E N A T E June 18, 2012 ___________ Introduced by Sen. ZELDIN -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the tax law, in relation to creating a telecommunication and cable industry New York jobs tax credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. The tax law is amended by adding a new section 37 to read 2 as follows: 3 S 37. TELECOMMUNICATION AND CABLE INDUSTRY NEW YORK JOBS TAX CREDIT. 4 (A) ALLOWANCE OF CREDIT. AN ELIGIBLE TAXPAYER SHALL BE ALLOWED A CREDIT, 5 OF TWENTY PERCENT OF THE QUALIFIED WAGES. THE TAXPAYER MAY CLAIM THIS 6 CREDIT FOR EACH NEW EMPLOYEE FOR A PERIOD OF THREE CONSECUTIVE YEARS OF 7 EMPLOYMENT. 8 (B) DEFINITIONS. (1) "ELIGIBLE TAXPAYER" MEANS EVERY TELECOMMUNICATION 9 AND CABLE CORPORATION AND THEIR SUBSIDIARIES FURNISHING TRADITIONAL 10 LANDLINE TELEPHONE SERVICE, FIBER OPTIC SERVICE, VOICE OVER INTERNET 11 PROTOCOL (VOIP), DATA CIRCUITS, CABLE OR INTERNET SERVICES. 12 (2) "CALL CENTER ASSISTANCE JOB" SHALL MEAN THE CREATION OF OR RELO- 13 CATION OF NEW CALL CENTER SERVICE ASSISTANCE JOBS IN NEW YORK STATE 14 INCLUDING, BUT NOT LIMITED TO OPERATOR SERVICES, DIRECTORY ASSISTANCE 15 BUREAUS AND CALL COMPLETION SERVICES FOR THE FOLLOWING: 16 (A) DETERMINING CUSTOMER FINANCIAL RESPONSIBILITY; 17 (B) TAKING REQUESTS FOR NEW OR ADDITIONAL SERVICES, INCLUDING, BUT NOT 18 LIMITED TO, EMERGENCY SERVICE, COMPLETING ASSISTANCE WITH DIALING, USING 19 CALLING CARDS, CONNECTING COLLECT CALLS, BUSY LINE VERIFICATION OR RELAY 20 CENTERS FOR THE HEARING IMPAIRED, PROVIDING REQUESTED LOCAL AND NATIONAL 21 TELEPHONE NUMBERS, REVERSE NUMBER SEARCHES AND TAKING REQUESTS FOR AND 22 COMPLETING THE PUBLISHING AND NON-PUBLISHING OF A TELEPHONE NUMBER, AND 23 PROVIDING ASSISTANCE TO PAYPHONE CUSTOMERS; 24 (C) DETERMINING DEPOSIT REQUIRED OR BILLING RATE; 25 (D) PREPARING INSTALLATION AND REPAIR SERVICE ORDERS AND OBTAINING 26 ACCESS TO SUBSCRIBER'S PREMISES; 27 (E) EXPLAINING COMPANY RATES, REGULATIONS, POLICIES, PROCEDURES, 28 EQUIPMENT AND COMMON PRACTICES; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD16242-06-2 S. 7772 2 1 (F) INVESTIGATING TROUBLE ORDER FORMS AND INITIATING HIGH BILL INVES- 2 TIGATIONS; 3 (G) HANDLING PAYMENT AND OTHER CREDIT ARRANGEMENTS SUCH AS OBTAINING 4 DEPOSITS, FINANCIAL STATEMENTS AND PAYMENT PLANS; AND 5 (H) AIDING CUSTOMERS WITH INTERNAL ASSISTANCE PROGRAMS MEANS ANY 6 COMPANY, FIRM OR BUSINESS ORGANIZATION THAT INVESTS APPLICATION OF CRED- 7 IT; PROVIDED THAT THE AMOUNT OF GROSS WAGES PAID BY THE TAXPAYER TO THE 8 EMPLOYEES FOR WHOM CREDIT IS ALLOWABLE UNDER THIS SECTION. 9 (3) "QUALIFIED WAGES" SHALL MEAN GROSS WAGES PAID TO ANY NEW EMPLOYEE 10 DURING THE TAXABLE YEAR WHICH MEETS THE DEFINITION OF A CALL CENTER 11 ASSISTANCE JOB. 12 (4) "NEW EMPLOYEE" SHALL MEAN ANY FULL TIME EMPLOYEE THAT IS HIRED BY 13 THE TAXPAYER AFTER JULY FIRST, TWO THOUSAND TWELVE THAT CAUSES THE TOTAL 14 NUMBER OF EMPLOYEES TO INCREASE ABOVE BASE EMPLOYMENT OR CREDIT EMPLOY- 15 MENT, WHICHEVER IS HIGHER, WHO IS DOING THE SAME OR SUBSTANTIALLY SIMI- 16 LAR WORK, AND AT THE PAY RATE AND BENEFIT LEVEL OF OTHER CALL CENTER 17 SERVICE ASSISTANCE JOBS IN THE GEOGRAPHIC AREA WITHIN NEW YORK STATE, IN 18 THE CORPORATION AND THEIR SUBSIDIARIES. 19 (5) "BASE YEAR" SHALL MEAN CALENDAR YEAR TWO THOUSAND ELEVEN. 20 (6) "BASE EMPLOYMENT" SHALL MEAN THE AVERAGE NUMBER OF FULL TIME 21 EMPLOYEES OR FULL TIME EQUIVALENT EMPLOYEES DURING THE BASE YEAR. FOR A 22 NEW BUSINESS, BASE EMPLOYMENT SHALL BEGIN AT ZERO. 23 (7) "CREDIT EMPLOYMENT" SHALL MEAN BASE EMPLOYMENT PLUS THE NUMBER OF 24 NEW EMPLOYEES FOR WHICH A CREDIT IS EARNED FOR THE PRIOR TAX YEARS. 25 (C) CROSS-REFERENCES. FOR APPLICATION OF THE CREDIT PROVIDED IN THIS 26 SECTION, SEE THE FOLLOWING PROVISIONS OF THIS CHAPTER: 27 (1) ARTICLE 9: SECTION 187-S 28 (2) ARTICLE 9-A: SECTION 210: SUBDIVISION 45 29 S 2. Section 210 of the tax law is amended by adding a new subdivision 30 45 to read as follows: 31 45. TELECOMMUNICATION AND CABLE INDUSTRY NEW YORK JOBS TAX CREDIT. (A) 32 ALLOWANCE OF CREDIT. A TAXPAYER WILL BE ALLOWED A CREDIT, TO BE COMPUTED 33 AS PROVIDED IN SECTION THIRTY-SEVEN OF THIS CHAPTER, AGAINST THE TAX 34 IMPOSED BY THIS ARTICLE. 35 (B) APPLICATION OF CREDIT. THE CREDIT ALLOWED UNDER THIS SUBDIVISION 36 FOR ANY TAXABLE YEAR MAY NOT REDUCE THE TAX DUE FOR SUCH YEAR TO LESS 37 THAN THE HIGHER OF THE AMOUNTS PRESCRIBED IN PARAGRAPHS (C) AND (D) OF 38 SUBDIVISION ONE OF THIS SECTION. HOWEVER, IF THE AMOUNT OF CREDIT 39 ALLOWED UNDER THIS SUBDIVISION FOR ANY TAXABLE YEAR REDUCES THE TAX TO 40 SUCH AMOUNT, ANY EXCESS AMOUNT OF CREDIT THUS NOT DEDUCTIBLE IN SUCH 41 TAXABLE YEAR MAY BE CARRIED OVER TO THE FOLLOWING YEAR OR YEARS, FOR A 42 MAXIMUM OF TEN CONSECUTIVE YEARS. 43 S 3. The tax law is amended by adding a new section 187-s to read as 44 follows: 45 S 187-S. TELECOMMUNICATION AND CABLE INDUSTRY NEW YORK JOBS TAX CRED- 46 IT. 1. ALLOWANCE OF CREDIT. A TAXPAYER, SUBJECT TO THE TAX IMPOSED BY 47 THIS ARTICLE, WHICH IS A TELECOMMUNICATION OR CABLE COMPANY SHALL BE 48 ALLOWED A CREDIT, TO BE COMPUTED AS PROVIDED IN SECTION THIRTY-SEVEN OF 49 THIS CHAPTER, AGAINST THE TAX IMPOSED BY SECTION ONE HUNDRED 50 EIGHTY-SIX-A OF THIS ARTICLE. 51 2. APPLICATION OF CREDIT. IF THE AMOUNT OF CREDIT ALLOWED UNDER THIS 52 SECTION FOR ANY TAXABLE YEAR EXCEEDS THE TAXPAYER'S TAX FOR SUCH YEAR, 53 ANY AMOUNT OF CREDIT THUS NOT DEDUCTIBLE MAY BE CARRIED FORWARD TO THE 54 FOLLOWING YEAR OR YEARS, FOR A MAXIMUM OF TEN CONSECUTIVE YEARS. 55 S 4. This act shall take effect immediately and shall apply to taxable 56 years beginning on and after January 1, 2012.