Creates a tax credit for employment of persons on probation or parole

This bill creates a New York state tax credit for employers who hire formerly incarcerated individuals on probation or parole. Employers receive a 35% credit against state taxes for the first $6,000 in wages paid to qualifying employees during their first year of employment. To qualify, an employee must have a felony conviction, be on probation or parole, and work full-time for at least 180 days. The credit coordinates with the federal Work Opportunity Tax Credit, using second-year wages for employees who also qualify for the federal program. The policy directly affects New York employers and formerly incarcerated individuals seeking stable employment.