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Bill > S05180
NY S05180
NY S05180Establishes 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
02/26/2021
In Committee
06/02/2021
06/02/2021
Crossed Over
06/02/2021
06/02/2021
Passed
Dead
12/31/2022
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)
Official Document
bill text
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bill summary
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