Bill > S03644

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 the employee has been employed for at least 6 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, but cannot reduce the tax below the minimum amount. Any unused credit can be carried over to the following year. The bill takes effect immediately and applies to taxable years beginning on or after January 1, 2023.