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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 artificial intelligence; establishes a surcharge on certain corporations that use artificial intelligence or data mining or have greater than a threshold number of employees displaced by artificial intelligence of a rate of 2% of the corporation's business income base; defines data mining.
NY A05429: Establishes the New York workforce stabilization act, requiring AI impact assessments and imposing a 2% surcharge on certain corporations using AI.
If you employ over 100 people and use AI, you must conduct impact assessments before implementation or face penalties.
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Affected Industries
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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.
Key Provisions
- Employers must conduct AI impact assessments before implementation.
- A 2% surcharge applies to corporations displacing a threshold number of employees due to AI or using AI for data mining.
- The bill does not specify a 30-day submission requirement for impact assessments.
- The bill does not provide definitions for 'employer' and 'small business'.
- The bill does not mention waivers for the surcharge or annual reporting on waivers.
Latest Legislative Action
referred to labor
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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