Bill > S05175

This bill creates a wage tax credit for employers who employ New York National Guard members, reservists, volunteer firefighters, and EMS personnel. The credit is $1,500 per eligible employee, provided they have been employed for at least six months and the employer complies with the Uniformed Services Employment and Reemployment Rights Act. The credit can be applied to reduce the employer's tax liability, and any excess credit can be carried forward to future years or refunded. The bill is effective for taxable years beginning on or after January 1, 2021.