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Sponsors
Senator · Senate District 59
No co-sponsors yet.
History
- Print number 1826a
- Amend and recommit to investigations and government operations
- Referred to investigations and government operations
- Referred to investigations and government operations
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 an apprenticeship tax credit
Purpose
The Empire Apprenticeship tax credit will encourage businesses and individuals to employ apprentices and grow the apprenticeship program in New York State.
Summary of provisions
This bill would amend Section 606 of the Tax Law to provide for an income tax credit for employers who hire apprentices. The tax credit will be in the amount of the one thousand dollars for each apprentice employed by such taxpayers. Apprentices must be employed pursuant to an apprenticeship agreement registered with the office of apprenticeship of the employment and training administration of the United States Department of Labor or pursuant to an agreement as defined by Section 816 of the Labor Law. To be eligible, an apprentice must be employed for at least seven full months of the taxable year, and must be employed for less than four taxable years.
Justification
Apprenticeships combine on-the-job training with targeted school work. Apprentices provide a pipeline of skilled workers to employers in growing sectors including advanced manufacturing, agriculture, nursing, information technology, and building trades. The skills gap remains a persistent obstacle to higher employment. A 2011 report conducted by the National Association of Manufacturers (NAM) and Deloitte showed 74% of manufacturing firms said that a lack of skilled workers has had a serious negative impact on their expansion and productivity.
Other states have introduced similar proposals to promote apprentice- ships as a productive higher education alternative. This bill is based on the Apprenticeship Carolina program. Enacted in South Carolina in 2007, Apprenticeship Carolina provides an annual $1,000 income tax credit per eligible apprentice that is employed and enrolled in an apprenticeship agreement. The program has grown rapidly from 90 companies in 2007 to 670 in 2014 and from 770 apprentices to 11,000 in the same time period. This legislation will replicate that success on a much larger scale.
Legislative history
New legislation.
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately and shall apply to taxable years beginning on and after January 1, 2016.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.