§ 25-c. Power to administer the empire state apprenticeship tax credit\nprogram. (a) The commissioner is authorized to establish and administer\nthe empire state apprenticeship tax credit program to provide tax\nincentives to certified employers for employing qualified apprentices\npursuant to an apprenticeship agreement registered with the department\npursuant to paragraph (d) of subdivision one of section eight hundred\neleven of this chapter. The commissioner is authorized to allocate up to\nten million dollars of tax credits annually, beginning in two thousand\neighteen and ending before two thousand twenty-eight. Any unused annual\nallocation of the credit shall be made available in each of the\nsubsequent years before two thousand twenty-eight.\n (b) Definitions. (1) The term "qualified apprenticeship agreement"\nmeans an apprenticeship agreement as defined by section eight hundred\nsixteen of this chapter that has been registered with, and approved by,\nthe commissioner, for a trade other than a construction trade.\n (2) The term "qualified employer" means an employer that has or\nparticipates in a commissioner approved registered apprenticeship\nprogram.\n (3) The term "construction" means constructing, reconstructing,\naltering, maintaining, moving, rehabilitating, repairing, renovating,\nfabricating, servicing, or demolition of any building, structure, or\nimprovement, or component, or relating to the excavation of or other\ndevelopment or improvement to land.\n (4) The term "participating employer" means a qualified employer that\nhas applied to participate in the empire state apprenticeship tax credit\nprogram and received a preliminary certificate of tax credit from the\ncommissioner. The preliminary certificate shall state the maximum amount\nof the tax credit that the employer may be able to claim if the\napplicant becomes a "certified employer."\n (5) The term "certified employer" means a qualified employer that has\nreceived a final certificate of eligibility from the commissioner after\nthe commissioner has determined that the qualified employer has\nfulfilled all the requisite eligibility criteria to participate in the\nempire state apprenticeship tax credit program established in this\nsection. The final certificate of eligibility shall state the actual\namount of tax credit that a certified employer is entitled to claim and\nthe allocation year of the credit.\n (6) The term "qualified apprentice" means an individual employed by a\nparticipating employer in a full time position for at least six months\nof a calendar year pursuant to a qualified apprenticeship agreement with\na qualified employer. No individual employed by a qualified employer\nshall be deemed a qualified apprentice if such individual has not\ncompleted their apprenticeship training program within one year of their\nexpected date of completion of their program.\n (7) The term "disadvantaged youth" means an individual:\n (i) who is between the ages of sixteen and twenty-four when the youth\nbegins the apprenticeship; and\n (ii) who is low-income or at-risk, as those terms are defined by the\ncommissioner.\n (8) The term "mentor" means an individual who provides instruction,\nguidance, and support to the apprentice on a regular basis throughout\nthe apprentice's completion of the apprenticeship as the apprentice\nseeks employment in the field or industry of the apprenticeship. The\ngoal of the mentor is to help train the apprentice in his or her trade\nand to help the apprentice successfully complete the apprenticeship and\nto secure and retain employment.\n (c)(1) A certified employer shall be entitled to a tax credit against\nincome or franchise tax for each qualified apprentice. The base credit\nallowed under this program shall be computed as follows:\n (A) (1) two thousand dollars for each first year apprentice; (2) three\nthousand dollars for each second year apprentice;(3) four thousand\ndollars for each third year apprentice
‹ Prev All New York sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.