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Bill > S07384
NY S07384
NY S07384Allows 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
01/11/2018
01/11/2018
In Committee
05/07/2018
05/07/2018
Crossed Over
05/07/2018
05/07/2018
Passed
Dead
12/31/2018
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 create a tax credit for employers who hire individuals who are in recovery from substance abuse, with the approval of the Office of Alcoholism and Substance Abuse Services. The credit is equal to 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 credit can be carried over to subsequent years if it exceeds the employer's tax liability. The bill is effective for tax years beginning on or after January 1, 2018.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (2)
Last Action
referred to ways and means (on 05/07/2018)
Official Document
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