New York A07730 creates a $1,500 wage tax credit for employers who hire New York national guard members, reservists, volunteer firefighters, and EMS.

New York A07730 amends the tax law to create a wage tax credit for employers who hire New York national guard members, reservists, volunteer firefighters, and EMS personnel. Employers can claim a credit of $1,500 for each eligible employee, provided they have been employed for at least six months. The credit can reduce the employer's tax liability and any excess credit can be carried over to future years. The bill takes effect immediately and applies to taxable years beginning on and after January 1, 2027.

New York A07730 creates a $1,500 wage tax credit for employers who hire New York national guard members, reservists, volunteer firefighters, and EMS.

New York A07730 amends the tax law to create a wage tax credit for employers who hire New York national guard members, reservists, volunteer firefighters, and EMS personnel. Employers can claim a credit of $1,500 for each eligible employee, provided they have been employed for at least six months. The credit can reduce the employer's tax liability and any excess credit can be carried over to future years. The bill takes effect immediately and applies to taxable years beginning on and after January 1, 2027.