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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.
The New York Workforce Stabilization Act mandates AI impact assessments and imposes a 2% surcharge on corporations using AI or data mining with a threshold of displaced employees.
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What This Means
The New York Workforce Stabilization Act introduces significant requirements for businesses utilizing artificial intelligence. It mandates that these businesses conduct impact assessments and submit them to the Department of Labor. Additionally, a 2% surcharge is imposed on corporations based on their business income base if they use AI or data mining and exceed a threshold number of displaced employees.
Key Provisions
- Requires AI impact assessments before implementation.
- Submissions of assessments must be made to the Department of Labor.
- Imposes a 2% surcharge on corporations using AI or data mining with a threshold of displaced employees.
- Defines data mining within the context of the bill.
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REFERRED TO LABOR
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