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Bill > S05180


NY S05180

NY S05180
Establishes a tax credit for employment of an individual who has successfully completed a judicial diversion substance abuse treatment program or graduated from drug court.


summary

Introduced
02/26/2021
In Committee
06/02/2021
Crossed Over
06/02/2021
Passed
Dead
12/31/2022

Introduced Session

2021-2022 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to a tax credit for employment of an individual who has successfully completed a judicial diversion program or graduated from a drug court

AI Summary

This bill establishes a tax credit for employers who hire individuals who have successfully completed a judicial diversion substance abuse treatment program or graduated from drug court. The credit is worth $3,000 for the first year of employment and an additional $1,000 if the individual remains employed for an additional 12 months. The credit can be claimed on the employer's state income tax return, with certain limitations on the amount that can be claimed in a given year. The bill also requires the state tax department to issue an annual report on the utilization of this credit and similar credits.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

referred to ways and means (on 06/02/2021)

bill text


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