Bill > A00297

This bill amends the New York tax law to expand an existing tax credit for farmers by allowing eligible farmers to include the cost of constructing residential housing for farm workers as part of their eligible expenses when calculating their tax credit. Specifically, the bill permits farmers to count the cost of standard construction materials and labor used to build housing for farm workers who are employed to provide labor in the production of the farmer's qualifying agricultural products. The tax credit applies to tangible property with a useful life of four years or more that is principally used in farming, agriculture, horticulture, floriculture, viticulture, or commercial fishing. The bill modifies both the corporate tax law (Section 210-B) and the personal income tax law (Section 606) to include this new provision. The changes will take effect on the first day of January following the bill's enactment and will apply to tax years beginning on or after that date, giving farmers a new way to offset their tax liability by including housing construction costs for their agricultural workers.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A297