New York City Council Header
File #: Res 0138-2018    Version: * Name: Repeal of reimbursement tax credits to low-wage employers who pay minimum wages to students ages 16 to 19. (A.2658)
Type: Resolution Status: Committee
Committee: Committee on Finance
On agenda: 2/14/2018
Enactment date: Law number:
Title: Resolution calling upon the New York State legislature to pass and the Governor to enact A.2658 regarding the repeal of reimbursement tax credits to low-wage employers who pay minimum wages to students ages 16 to 19.
Sponsors: Costa G. Constantinides
Council Member Sponsors: 1
Attachments: 1. February 14, 2018 - Stated Meeting Agenda

Res. No. 138

 

Resolution calling upon the New York State legislature to pass and the Governor to enact A.2658 regarding the repeal of reimbursement tax credits to low-wage employers who pay minimum wages to students ages 16 to 19.

 

By Council Member Constantinides

                     Whereas, Pursuant to Part EE of Chapter 59 of the New York State laws of 2013, employers who hire youths between the ages of 16 and 19, and pay said youths the state minimum wage, receive a reimbursement tax credit; and

                     Whereas, The reimbursement tax credit outlined in Part EE of Chapter 59 of the New York State laws of 2013 effectively incentivizes employers to hire low paid students over more experienced and better-compensated older individuals; and

                     Whereas, The repeal of said reimbursement tax credit would encourage employers to hire more experienced older individuals, and would result in a savings of approximately $24 million for New York State in fiscal year 2015-2016; and

                     Whereas, On January 9, 2014, the New York State Assembly introduced and referred A.2658 by Assembly Member Aravella Simotas, which would repeal the reimbursement tax credit outlined in Part EE of Chapter 59 of the New York State laws of 2013, to the Assembly Committee on Ways and Means; and

                     Resolved, That the Council of the City of New York calls upon the New York State legislature to pass and the Governor to enact A.2685, regarding the repeal of reimbursement tax credits to low-wage employers who pay minimum wages to students ages 16 to 19.

 

PD/MWC

LS 200 & 1518/Res 275

LS 150

12/21/17