Bill > A07730

This bill creates two new wage tax credits for employers in New York who hire and retain certain public service personnel. The first credit provides employers with a $1,500 tax credit for each New York National Guard member or reservist they employ for at least six months, with the requirement that employers comply with the Uniformed Services Employment and Reemployment Rights Act. The second credit offers the same $1,500 tax credit for each volunteer firefighter or emergency medical services (EMS) first responder employed for at least six months. Both credits 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 forward to future years or treated as an overpayment to be refunded, though no interest will be paid on such refunds. 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 goal of these credits appears to be to provide financial incentives for employers to support and retain members of these critical public service professions.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A7730