New York A04448 increases the tax credit for eligible training costs from 50% to 70% under the employee training incentive program.

New York A04448 amends the economic development law to increase the tax credit for eligible training costs from 50% to 70% for the employee training incentive program. This change applies to eligible training costs up to $15,000 per employee and $3,000 per intern. The tax credits are claimed by qualified employers as specified in the tax law. The amendment takes effect immediately upon enactment.

New York A04448 increases the tax credit for eligible training costs from 50% to 70% under the employee training incentive program.

New York A04448 amends the economic development law to increase the tax credit for eligible training costs from 50% to 70% for the employee training incentive program. This change applies to eligible training costs up to $15,000 per employee and $3,000 per intern. The tax credits are claimed by qualified employers as specified in the tax law. The amendment takes effect immediately upon enactment.