New York A04583 provides a tax credit for employers hiring individuals convicted of a felony within the last five years.

New York A04583 amends the tax law to create a re-entry employment incentive tax credit. Employers who hire individuals convicted of a felony in the last five years and who have been released from a correctional facility or are serving a period of post-release supervision can claim this credit. The credit is calculated based on the wages paid to the qualified individual, with different percentages applied in the first three years of employment. The credit can be carried over to subsequent years if it exceeds the employer's tax liability for the current year.

New York A04583 provides a tax credit for employers hiring individuals convicted of a felony within the last five years.

New York A04583 amends the tax law to create a re-entry employment incentive tax credit. Employers who hire individuals convicted of a felony in the last five years and who have been released from a correctional facility or are serving a period of post-release supervision can claim this credit. The credit is calculated based on the wages paid to the qualified individual, with different percentages applied in the first three years of employment. The credit can be carried over to subsequent years if it exceeds the employer's tax liability for the current year.