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Bill > A08830

NY A08830

NY A08830
Allows a tax credit for a taxpayer employing a person who is in recovery with an office of alcoholism and substance abuse services approved rehabilitation center.

summary

Introduced
12/22/2017
In Committee
01/03/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

2017-2018 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to a credit for employment of persons who are in recovery with an office of alcoholism and substance abuse services approved rehabilitation center The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1

AI Summary

This bill amends the New York tax law to provide a tax credit to taxpayers who employ individuals who are in recovery with an Office of Alcoholism and Substance Abuse Services (OASAS) approved rehabilitation center. The credit is 35% of the first $6,000 in qualified first-year wages paid to each eligible employee, or 35% of the first $6,000 in qualified second-year wages if the employee also qualifies for the federal Work Opportunity Tax Credit. The bill sets forth requirements for a "qualified employee," including that the individual must be in recovery with an OASAS-approved center and have worked for the employer for at least 180 days or 400 hours. The credit can be carried over to future years if it exceeds the taxpayer's tax liability for the current year.

Committee Categories

Budget and Finance

Sponsors (26)

Last Action

referred to ways and means (on 01/03/2018)
(1 Companion Bills)

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