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History
- 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.
Repeals provisions of law adding a minimum wage reimbursement credit
In Assembly Committee · Ways And Means · Sponsor Sheldon Silver
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6490
Title of bill
An act to repeal part EE of chapter 59 of the laws of 2013 amending the tax law relating to adding a minimum wage reimbursement credit
Summary
This Bill repeals Part EE of chapter 59 of the laws of 2013 that added a minimum wage reimbursement credit.
Justification
The credit reimbursement was considered an interim step in assisting businesses that intended to hire youth between the ages of 16 to 19 at the prevailing minimum wage. With economic hrowth and hiring on solid footing and accelerating across the nation and the State, this bill would remove a credit that would, in effect, incentivize businesses to substitute adequately paid older individuals and non-students with students earning the legal minimum wage.
Fiscal impact
Saves the State of New York $24 million in SFY 2015-16, $43 million in SFY 2016-17 and $45 million in SFYs 2017-18, 2018-19,2019-20.
Legislative history
New Bill
Effective date
Effective immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.