Establishes a work opportunity tax credit for businesses with fifty employees or less for hiring a long term unemployed person in New York.

New York A07161 amends the tax law to establish a work opportunity tax credit for businesses with fifty employees or less. The credit allows businesses to claim up to $2,400 for each long term unemployed person hired during a taxable year. A "long term unemployed person" is defined as someone who has been a resident of New York for three years, was unemployed and receiving public assistance for six consecutive months or more, and is retained for full-time employment by the hiring business for at least one year.

Establishes a work opportunity tax credit for businesses with fifty employees or less for hiring a long term unemployed person in New York.

New York A07161 amends the tax law to establish a work opportunity tax credit for businesses with fifty employees or less. The credit allows businesses to claim up to $2,400 for each long term unemployed person hired during a taxable year. A "long term unemployed person" is defined as someone who has been a resident of New York for three years, was unemployed and receiving public assistance for six consecutive months or more, and is retained for full-time employment by the hiring business for at least one year.