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History
- Referred to investigations and government operations
- Print number 243a
- Amend (t) and recommit to investigations and government operations
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Establishes a re-entry employment incentive tax credit
In Assembly Committee · Ways And Means · Sponsor Hakeem Jeffries
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to providing a re-entry employment incentive tax credit; and providing for the repeal of such provisions upon expiration thereof
Purpose
This bill is intended to help formerly incarcerated men and women obtain meaningful employment upon their release from prison/jail by offering employers who hire them a tax credit.
Summary of provisions
The bill establishes the Re-Entry Employment Incentive Tax Credit pilot project. Under the legislation, a tax credit of up to $5,000 would be available to employers that hire qualifying individuals who are designated by the department of labor to participate in the pilot project. A qualifying individual is defined as a person who is first employed after the effective date of this act, and who has been released from a state correctional facility in the last five years, convicted of a felony in the last five years, or serving a period of parole, probation or post release supervision, and who resides in New York State, and receives wages which are 140 percent of the New York State minimum wage. The bill also requires the department of labor to report to the legislature on the effectiveness of the tax credit in promoting job opportunities for individuals who participate in the pilot project.
Justification
Employment is one of major barriers to the successful re-entry of formerly incarcerated individuals. However, studies show that employment is a major factor in reducing recidivism. Therefore, it is important that New York promote policies to assist formerly incarcerated individuals and those with criminal records to obtain gainful employment. This bill will help to address this issue by giving employers an incentive to hire qualified persons with criminal records and create more job opportunities.
Legislative history
New bill.
Effective date
This act shall take effect immediately and shall apply to taxable years beginning on and after January 1, 2011 and ending December 31, 2013, except for the reporting requirement which will be in effect until March 31, 2014.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.