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History
- Reported and committed to finance
- 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.
Gives tax credits for employers who provide compensation to employees serving in active duty in the National Guard or military reserves
In Assembly Committee · Ways And Means · Sponsor Charles Lavine
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 certain benefits to veterans
Purpose
To provide active duty state and private employees soldiers with full civilian pay during overseas deployment.
Summary of specific provisions
Sections 1 through 7 provide various National Guard and reservist compensation tax credits to ensure that our states citizen soldiers receive full pay while on overseas deployment. Section 8 is the effective date.
Justification
Our men and women serving in the National Guard or reserves deserve unique benefits when being deployed overseas. Many of these individuals end up having a significant reduction in pay when they are sent oversees. As a result of the amount of time these individuals spend overseas they and their families often face significant financial struggles. No man or woman serving our State and Nation should ever have to worry about how their family back home is doing financially as a result of their deployment. This legislation will help financially protect veterans by providing tax credits to encourage employers to continue paying their employees.
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately and shall be apply to taxable years beginning on or after January 1, 2010.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.