New York S 4268: Authorizes the local enactment of residency requirements for certain employees of police departments; salary increases and civil service credit

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S04268 Summary:

BILL NOS04268 

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SAME ASNo Same As

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SPONSORASHBY

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COSPNSRTEDISCO

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MLTSPNSR

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Amd §§210-B & 606, Tax L

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Creates a jobs development incentive income tax credit available to employers who employ individuals previously receiving unemployment.

Go to top S04268 Actions:

BILL NOS04268 

&nbsp

02/03/2025REFERRED TO BUDGET AND REVENUE

01/07/2026REFERRED TO BUDGET AND REVENUE

Go to topS04268 Committee&nbspVotes:

Go to topS04268 Floor&nbspVotes:

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

Go to topS04268 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4268

 2025-2026 Regular Sessions

 IN SENATE

 February 3, 2025
 ___________

 Introduced by Sens. ASHBY, TEDISCO -- read twice and ordered printed,
 and when printed to be committed to the Committee on Budget and Reven-
 ue

 AN ACT to amend the tax law, in relation to a jobs development incentive
 income tax credit available to employers who employ individuals previ-
 ously receiving unemployment benefits

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

 1 Section 1. Section 210-B of the tax law is amended by adding a new
 2 subdivision 61 to read as follows:
 3 61. Jobs development incentive tax credit. (a) A taxpayer shall be
 4 allowed a credit, to be computed as hereinafter provided, against the
 5 tax imposed by this article in the amount prescribed by this subdivision
 6 where such taxpayer employs one or more creditable employees.
 7 (b) The amount of the credit shall be two thousand four hundred
 8 dollars for each creditable employee.
 9 (c) For the purposes of this subdivision, "creditable employee" shall
 10 mean a new employee of an employer who:
 11 (i) is employed by the employer for the first time on or after the
 12 effective date of this subdivision;
 13 (ii) has filed a claim for unemployment compensation in this state;
 14 (iii) has received unemployment benefits in this state for at least
 15 two months;
 16 (iv) is currently receiving unemployment compensation benefits as of
 17 the date of employment and such benefits are chargeable to the experi-
 18 ence rating account of an employer under this article; or has success-
 19 fully completed a training program pursuant to section five hundred
 20 ninety-nine of the labor law;
 21 (v) performs services in accordance with subdivision one, two or four
 22 of section five hundred eleven of the labor law;

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08833-01-5

 S. 4268 2

 1 (vi) remains employed by the employer for at least twenty-four consec-
 2 utive months; and
 3 (vii) during the entire period such employment shall consist of at
 4 least thirty hours per week.
 5 (d) For the purposes of this subdivision the following terms shall
 6 have the following meanings:
 7 (i) "new employee" shall mean any full time employee that causes the
 8 total number of employees to increase above base employment or credit
 9 employment, whichever is higher.
 10 (ii) "base year" shall mean calendar year two thousand twenty-three.
 11 (iii) "base employment" shall mean the average number of full-time
 12 employees or full-time equivalent employees during the base year. For a
 13 new business, base employment shall begin at zero.
 14 (iv) "credit employment" shall mean base employment plus the number of
 15 new employees for which a credit is earned.
 16 (e) An employer who has one or more creditable employees shall be
 17 eligible to apply for and receive the credit established in this subdi-
 18 vision. Eligibility for the credit shall be established as of the time
 19 the creditable employee completes twenty-four consecutive months of
 20 employment, and the credit shall be claimed for the taxable year in
 21 which the twenty-fourth month of such employment is completed.
 22 (f) In no event shall the total amount of any tax credit under this
 23 subdivision for a taxable year exceed the taxpayer's income tax liabil-
 24 ity. Any unused tax credit shall be allowed to be carried forward to
 25 apply to the taxpayer's succeeding five years' tax liability. No such
 26 tax credit shall be allowed the taxpayer against