New York S 635: Grants a sales and compensating use tax exemption for toilet paper and toilet tissue sold for household use, and incontinence products

Bill Text

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S00635 Summary:

BILL NOS00635 

&nbsp

SAME ASSAME AS A06748

&nbsp

SPONSORGALLIVAN

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §38, Tax L

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Relates to a minimum wage reimbursement credit.

Go to top S00635 Actions:

BILL NOS00635 

&nbsp

01/08/2025REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

01/07/2026REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Go to topS00635 Committee&nbspVotes:

Go to topS00635 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS00635 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 635

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sen. GALLIVAN -- read twice and ordered printed, and when
 printed to be committed to the Committee on Investigations and Govern-
 ment Operations

 AN ACT to amend the tax law, in relation to minimum wage reimbursement
 credit

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Section 38 of the tax law, as added by section 1 of part EE
 2 of chapter 59 of the laws of 2013, is renumbered section 50 and subdivi-
 3 sions (b) and (c) are amended to read as follows:
 4 (b) An eligible employer is a corporation (including a New York S
 5 corporation), a sole proprietorship, a limited liability company or a
 6 partnership. An eligible employee is an individual who is (i) employed
 7 by an eligible employer in New York state, (ii) paid at the minimum wage
 8 rate as defined in article nineteen of the labor law during the taxable
 9 year by the eligible employer, (iii) between the ages of sixteen and
 10 nineteen during the period in which [he or she] such individual is paid
 11 at such minimum wage rate by the eligible employer, and (iv) a student
 12 during the period in which [he or she] such individual is paid at such
 13 minimum wage rate by the taxpayer. For taxable years beginning on and
 14 after January first, two thousand twenty-five, an eligible employee is
 15 an individual who is (i) employed by an eligible employer in New York
 16 state, (ii) paid at a rate that does not exceed the minimum wage rate as
 17 defined in article nineteen of the labor law plus fifty cents during the
 18 taxable year by the eligible employer, (iii) between the ages of sixteen
 19 and nineteen during the period in which such individual is paid at such
 20 rate that does not exceed such minimum wage rate plus fifty cents by the
 21 eligible employer, and (iv) a student during the period in which such
 22 individual is paid at such rate that does not exceed such minimum wage
 23 rate plus fifty cents by the taxpayer.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02626-01-5

 S. 635 2

 1 (c) For taxable years beginning on or after January first, two thou-
 2 sand fourteen and before January first, two thousand fifteen, the amount
 3 of the credit allowed under this section shall be equal to the product
 4 of the total number of hours worked during the taxable year by eligible
 5 employees for which they were paid at the minimum wage rate as defined
 6 in article nineteen of the labor law and [seventy five] seventy-five
 7 cents. For taxable years beginning on or after January first, two thou-
 8 sand fifteen and before January first, two thousand sixteen, the amount
 9 of the credit allowed under this section shall be equal to the product
 10 of the total number of hours during the taxable year worked by eligible
 11 employees for which they were paid at such minimum wage rate and one
 12 dollar and thirty-one cents. For taxable years beginning on or after
 13 January first, two thousand sixteen and before January first, two thou-
 14 sand nineteen, the amount of the credit allowed under this section shall
 15 be equal to the product of the total number of hours during the taxable
 16 year worked by eligible employees for which they were paid at such mini-
 17 mum wage rate and one dollar and thirty-five cents. For taxable years
 18 beginning on or after January first, two thousand twenty-five and before
 19 January first, two thousand twenty-eight, the amount of the credit
 20 allowed under this section shall be equal to the prod