Bill > S01308

This bill creates a wage tax credit for employers who employ New York National Guard members, reservists, volunteer firefighters, and emergency medical services (EMS) personnel. The credit is $1,500 per 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 carried over to the following year if it exceeds the employer's tax liability for the current year, but no interest will be paid on the excess. The bill applies to taxable years beginning on or after January 1, 2025.