Bill > S01262

This bill establishes two new tax credits for nurses in New York State, each worth $500, to be applied starting January 1, 2026. The first credit is for registered or licensed practical nurses who work full-time (defined as 30 or more hours per week) within the state for at least six months during the tax year. The second credit is for nurses who teach nursing at institutions of higher education, which includes colleges, universities, technical schools, and other post-secondary educational institutions recognized or accredited by the New York State Board of Regents, also for a minimum of six months during the tax year. If the credit amount exceeds the taxpayer's tax liability for the year, the excess will be treated as an overpayment and refunded, but without earning interest. These credits aim to support and incentivize nursing professionals by providing a modest financial benefit to those working in clinical settings or education.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S1262