Establishes a job creation tax credit for employers in New York, offering a credit of six percent of wages for the first six months of employment, or.

New York S01393 proposes a job creation tax credit to incentivize hiring. Employers can claim a credit equal to six percent of wages paid to a qualified employee during their first six months of employment. If the employee was on unemployment benefits for at least thirteen weeks or works in a manufacturing industry, the credit increases to twelve percent. The credit is capped at $750 for any qualified employee and $1500 for those meeting the additional criteria. Employers are prohibited from hiring solely to qualify for this credit.

Establishes a job creation tax credit for employers in New York, offering a credit of six percent of wages for the first six months of employment, or.

New York S01393 proposes a job creation tax credit to incentivize hiring. Employers can claim a credit equal to six percent of wages paid to a qualified employee during their first six months of employment. If the employee was on unemployment benefits for at least thirteen weeks or works in a manufacturing industry, the credit increases to twelve percent. The credit is capped at $750 for any qualified employee and $1500 for those meeting the additional criteria. Employers are prohibited from hiring solely to qualify for this credit.