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Sponsors
Senator · Senate District 59
No co-sponsors yet.
History
- Reported and committed to finance
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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.
Creates a tax credit for employment of persons on probation or parole
In Assembly Committee · Ways And Means · Sponsor Hakeem Jeffries
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5710
Title of bill
An act to amend the tax law, in relation to a credit for employment of persons on probation or parole
Purpose
This bill provides for a tax credit for the employer of persons on probation or parole up to $2,100.
Summary of provisions
Section 1 creates section 187-s of the tax law. The allowance of credit for the employer is described. Employees that qualify their employer for their tax credit are defined. The amount of credit is delineated. How credit applies in relation to the federal work opportunity tax credit is explained. The process for carryover tax credits is outlined. Coordination with federal work opportunity tax credit is provided for.
Justification
Having a job is widely recognized as an important way to prevent recidivism. However, a criminal record and being on parole or probation often makes employees less attractive to employers. This bill seeks to offset this fact by providing an employer with an incentive to hire someone on parole or probation. In addition to reducing recidivism, finding employment for people on probation or parole will reduce the public assistance needs for this population.
Legislative history
New bill.
Fiscal implications
Uncertain. While this tax credit will reduce revenue, these losses will be made up for by decreased recidivism, reduced public assistance benefits, and taxes paid by employees. The cost of imprisoning one person in New York costs upwards of $30,000. The fiscal implication would be neutral, if for every fifteen tax credits award through this legislation one person was keep out of prison because of the increased job opportunities this bill would create.
Local fiscal implications
Positive. Localities will receive the benefits resulting from decreased recidivism, reduced public assistance benefits, and income taxes paid by employees, and will not be bearing the costs of this program.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.