Bill > A02474

This bill establishes a tax credit for small businesses (defined as businesses with 50 or fewer employees) that invest in facility improvements designed to reduce the spread of infectious diseases. The credit allows eligible businesses to receive a tax break of up to $5,000 per location for expenses related to constructing, installing, building, or equipping new amenities primarily intended to mitigate infectious disease transmission. If a business cannot use the full tax credit in a single year due to tax limitations, they may carry over the unused credit for up to three subsequent years. Importantly, businesses cannot claim this credit for expenses that have already been used to claim another tax credit under the same tax chapter. The bill amends both corporate and individual tax law sections to implement this credit, and it will take effect on the first day of January following its enactment. The legislation appears to be a response to the COVID-19 pandemic, providing financial incentives for small businesses to create safer, more hygienic workplace environments.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A2474