Enacts the "urban science, technology, engineering and math (U-STEM) mentor volunteer program for youth act"

Title of bill

An act to amend the tax law, in relation to creating an urban science, technology, engineering and math (U-STEM) mentor volunteer program for youth and providing for the repeal of such provisions upon expiration thereof

Purpose

This bill would enact the urban science, technology, engineering and math (U-STEM) mentor volunteer program for youth for the Yonkers, Buffalo, Rochester and Syracuse School Districts.

Summary of provisions

Section 1: Title

Section 2: Legislative Findings

Section 3: Amends section 210-B of the Tax Law creating the U-STEM tax credit program.

Section 4: Amends section 606 of the Tax establishing qualifications and requirements for the U-STEM program

Section 5: Establishes the effective date.

Justification

The creation of this three-year pilot program would encourage students to pursue science, technology, engineering or math vocations. It would also foster those pursuits by providing stimulating hands on internships at companies where those students could potentially one day become employed. This legislation would also encourage business participation in this mentoring program by providing them with State tax credits. Many of the students who would participate in this program would come from disadvantaged households which can act as a deterrent to long-term success. This program would incentivize those students to establish specific educational goals which ultimately lead to success.

Legislative history

2013 - 2014: A.8366-A

Fiscal implications

It is not possible to determine the number of businesses who would participate prior to the implementation of this pilot program.

Effective date

. This act shall take effect immediately and shall apply to taxable years beginning on or after January 1, 2017 and shall expire and be deemed repealed January 1, 2019.