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Bill > A03681


NY A03681

NY A03681
Creates a wage tax credit for employers who employ New York national guard men and women, reservists, volunteer firefighters and EMS personnel.


summary

Introduced
01/28/2021
In Committee
01/05/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

2021-2022 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to creating a wage tax credit for employers who employ New York national guard men and women, reservists, volunteer firefighters and EMS personnel

AI Summary

This bill creates a wage tax credit for employers who employ New York National Guard members and reservists, as well as volunteer firefighters and emergency medical services (EMS) personnel. The credit is $1,500 per eligible employee, provided they have been employed for at least 6 months and the employer complies with the Uniformed Services Employment and Reemployment Rights Act. The credit can be claimed against the employer's state income tax liability, and any excess credit can be carried forward to future tax years or refunded. The bill takes effect immediately and applies to tax years beginning on or after January 1, 2023.

Committee Categories

Budget and Finance

Sponsors (28)

Last Action

held for consideration in ways and means (on 06/01/2022)

bill text


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