New York A02345 creates a $1,500 wage tax credit for employers of national guard members, reservists, volunteer firefighters, and EMS personnel.

New York A02345 amends the tax law to create a $1,500 wage tax credit for employers who hire New York national guard members, reservists, volunteer firefighters, and EMS personnel. Employers can claim this credit for each eligible employee, provided the employee has been employed for at least six months. If the credit exceeds the employer's tax liability for a year, the excess can be carried over to subsequent years. The credit aims to incentivize employment of these critical service personnel.

New York A02345 creates a $1,500 wage tax credit for employers of national guard members, reservists, volunteer firefighters, and EMS personnel.

New York A02345 amends the tax law to create a $1,500 wage tax credit for employers who hire New York national guard members, reservists, volunteer firefighters, and EMS personnel. Employers can claim this credit for each eligible employee, provided the employee has been employed for at least six months. If the credit exceeds the employer's tax liability for a year, the excess can be carried over to subsequent years. The credit aims to incentivize employment of these critical service personnel.