Bill > S03961

This bill extends the farm employer overtime tax credit to include professional employer organizations (PEOs) that have a contractual relationship with an eligible farm employer. A PEO is a company that provides comprehensive human resources services to businesses, including payroll management and employee benefits. Currently, the tax credit is available to farm employers and farm employer owners, and this bill would add PEOs to the list of entities eligible for the credit. The bill modifies two sections of the tax law to explicitly include PEOs, specifically those defined under section 916 of the labor law that are in a contractual relationship with an eligible farm employer. This change means that PEOs working with farms can now claim the same tax credit as farm employers themselves, potentially providing financial relief and incentives for agricultural businesses that use professional employer services. The bill will take effect 90 days after it becomes law.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S3961