Bill > A02345

This bill creates a $1,500 wage tax credit for employers in New York who employ specific categories of workers, including New York national guard members, reservists, volunteer firefighters, and emergency medical services (EMS) first responder personnel. To qualify for the credit, employers must ensure that these employees have been employed for at least six months and comply with the Uniformed Services Employment and Reemployment Rights Act. The tax credit can be applied against the employer's tax liability, and if the credit amount exceeds the tax owed in a given year, the excess can be carried over to future years or treated as an overpayment to be refunded. Importantly, no interest will be paid on these overpayments. The bill amends sections of the New York tax law to implement these credits and will take effect for taxable years beginning on or after January 1, 2027. The legislation aims to provide financial incentives for employers to hire and retain members of these critical service groups, recognizing their important contributions to public safety and national defense.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A2345