S 1301 New York Senate · 2025 Regular Session

Relates to establishing a first permanent payroll employee tax credit

Summary
Establishes a first permanent payroll employee tax credit which allows a business to receive a tax credit for the three years following the employment of such business' first permanent payroll employee where such credit equals a portion of the amount it costs to employ such permanent payroll employee.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2025 Last action Jan 7, 2026