A 5002: Establishes a small business tax credit for salary and wages paid to employees for time spent at sexual harassment prevention training.

  
  STATE OF NEW YORK ________________________________________________________________________ 5002 2025-2026 Regular Sessions  IN ASSEMBLY February 10, 2025 ___________ Introduced by M. of A. STIRPE -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to establishing a small busi- ness tax credit for salary and wages paid to employees for time spent at sexual harassment prevention training The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 210-B of the tax law is amended by adding a new 2 subdivision 61 to read as follows: 3 61. Small business tax credit; sexual harassment prevention training. 4 (a) General. A taxpayer who has fifty employees or less, shall be 5 allowed a credit, to be computed as provided in this subdivision, 6 against the tax imposed by this article for salary and wages paid by 7 such taxpayer to its employees for time spent at sexual harassment 8 prevention training required pursuant to section two hundred one-g of 9 the labor law. Such credit shall be available on an annual basis and 10 shall only be made available on one sexual harassment training course 11 per year for each employee. 12 (b) Amount of credit. The amount of the credit authorized by this 13 subdivision shall be equal to fifty percent of the wages and salary 14 actually paid by the employer to each employee or fifty dollars per 15 employee, whichever is less. 16 (c) Carryovers. The credit allowed under this subdivision may be 17 claimed and if not fully used in the initial year for which the credit 18 is claimed may be carried over, in order, to each of the five succeeding 19 taxable years. The credit authorized by this subdivision may not be used 20 to reduce the tax liability of the credit claimant below zero. 21 § 2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606 22 of the tax law is amended by adding a new clause (lii) to read as 23 follows: EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03704-01-5 
 A. 5002 2 1 (l) Small business tax credit; Costs under subdivision 2 sexual harassment prevention sixty-one of section 3 training under subsection (qqq) two hundred ten-B 4 § 3. Section 606 of the tax law is amended by adding a new subsection 5 (qqq) to read as follows: 6 (qqq) (a) General. A taxpayer who has fifty employees or less, shall 7 be allowed a credit, to be computed as provided in this subsection, 8 against the tax imposed by this article for salary and wages paid by 9 such taxpayer to its employees for time spent at sexual harassment 10 prevention training required pursuant to section two hundred one-g of 11 the labor law. Such credit shall be available on an annual basis and 12 shall only be made available on one sexual harassment training course 13 per year for each employee. 14 (b) Amount of credit. The amount of the credit authorized by this 15 subsection shall be equal to fifty percent of the wages and salary actu- 16 ally paid by the employer to each employee or fifty dollars per employ- 17 ee, whichever is less. 18 (c) Carryovers. The credit allowed under this subsection may be 19 claimed and if not fully used in the initial year for which the credit 20 is claimed may be carried over, in order, to each of the five succeeding 21 taxable years. The credit authorized by this subsection may not be used 22 to reduce the tax liability of the credit claimant below zero. 23 § 4. This act shall take effect immediately and shall apply to taxable 24 years beginning on or after January 1, 2026.