Bill > S00023

This bill expands an existing tax credit for farmers by allowing them to include the cost of constructing residential housing for farm workers as part of their eligible expenses when calculating the tax credit. Specifically, the bill modifies sections of the New York State tax law to permit farmers who are considered "eligible farmers" to include the cost of standard construction materials and labor used to build housing for farm workers who are employed to provide labor in producing the farmer's qualifying agricultural products. This means that farmers can now potentially reduce their tax liability by including housing construction costs for their workers as part of their tax credit calculation. The bill applies to tax years beginning on or after the effective date, which will be the first day of January following the bill's enactment. The modification aims to provide additional financial support to farmers by recognizing the expense of providing housing for agricultural workers as a qualifying business cost for tax credit purposes.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S23