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Establishes the New York workforce stabilization act; requires certain businesses to conduct artificial intelligence impact assessments on the application and use of such artificial intelligence and to submit such impact assessments to the department of labor prior to the implementation of the…
NY A05429: Establishes the New York workforce stabilization act, requiring AI impact assessments and imposing a 2% surcharge on corporations using AI or data mining.
If you employ over 100 people and use AI, you must conduct impact assessments before implementation or face penalties.
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What This Means
Establishes the New York workforce stabilization act, mandating AI impact assessments and a 2% surcharge on corporations using AI or data mining.
Key Provisions
- Employers must conduct AI impact assessments before implementation and submit them to the Department of Labor.
- A 2% surcharge applies to corporations with a business income base using AI, data mining, or having a threshold number of employees displaced by AI.
- The bill defines data mining.
- Provisions for waivers and annual reporting on waivers are included.
Latest Legislative Action
referred to labor
Bill Sponsors
| Name | Role |
|---|---|
| ABBATE | Primary |
| CUSICK | Primary |
| Doug Smith R | Primary |
| Harry B. Bronson D | Primary |
| WEPRIN | Primary |
Compliance Checklist
Who: Employers with over 100 employees
Deadline: At least 30 days before AI implementation
Penalty: Potential financial penalties for non-compliance
Who: Employers required to conduct assessments
Deadline: 30 days prior to AI implementation
Penalty: Non-compliance may lead to fines or other penalties
Related & Companion Bills
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