Creates a tax credit for small businesses selling a certain percentage of products produced in New York state.

The bill creates a tax credit for small businesses that sell a certain percentage of products produced in New York state. Qualifying small businesses include independently or privately-owned cafes, restaurants, eateries, bars, pubs, breweries, distilleries, orchards, food trucks, retail stores, farm stands, hotels, or motels. The credit is computed based on the percentage of sales attributed to qualifying products, with a credit of $1,000 for 5-9%, $2,000 for 10-24%, and $5,000 for 25% or more.

Creates a tax credit for small businesses selling a certain percentage of products produced in New York state.

The bill creates a tax credit for small businesses that sell a certain percentage of products produced in New York state. Qualifying small businesses include independently or privately-owned cafes, restaurants, eateries, bars, pubs, breweries, distilleries, orchards, food trucks, retail stores, farm stands, hotels, or motels. The credit is computed based on the percentage of sales attributed to qualifying products, with a credit of $1,000 for 5-9%, $2,000 for 10-24%, and $5,000 for 25% or more.