New York A02008 establishes a small business tax credit for employing disabled persons.

New York A02008 amends the tax law to create a small business tax credit for employers with 100 or fewer employees who hire disabled persons. The credit is $5,000 per disabled employee hired, up to a maximum of $25,000 per year. To qualify, the disabled person must be employed for at least 35 hours per week and remain employed for six months. The credit can be carried over for up to three years if not fully used. The labor law is also amended to allow the commissioner to administer the credit program, with a maximum annual allocation of $5 million.

New York A02008 establishes a small business tax credit for employing disabled persons.

New York A02008 amends the tax law to create a small business tax credit for employers with 100 or fewer employees who hire disabled persons. The credit is $5,000 per disabled employee hired, up to a maximum of $25,000 per year. To qualify, the disabled person must be employed for at least 35 hours per week and remain employed for six months. The credit can be carried over for up to three years if not fully used. The labor law is also amended to allow the commissioner to administer the credit program, with a maximum annual allocation of $5 million.