New York A06748 amends the tax law to adjust the minimum wage reimbursement credit for eligible employers and employees.

New York A06748 amends the tax law to adjust the minimum wage reimbursement credit for eligible employers and employees. The bill specifies that eligible employers include corporations, sole proprietorships, limited liability companies, and partnerships. Eligible employees are those employed by these entities in New York, paid at or below the minimum wage rate plus fifty cents, aged sixteen to nineteen, and students. The credit amount varies based on the taxable year, ranging from seventy-five cents to one dollar and thirty-five cents per hour worked.

New York A06748 amends the tax law to adjust the minimum wage reimbursement credit for eligible employers and employees.

New York A06748 amends the tax law to adjust the minimum wage reimbursement credit for eligible employers and employees. The bill specifies that eligible employers include corporations, sole proprietorships, limited liability companies, and partnerships. Eligible employees are those employed by these entities in New York, paid at or below the minimum wage rate plus fifty cents, aged sixteen to nineteen, and students. The credit amount varies based on the taxable year, ranging from seventy-five cents to one dollar and thirty-five cents per hour worked.