Increases the credit for eligible training costs in the employee training incentive program from 50% to 70%.

The bill amends the economic development law to increase the credit for eligible training costs from 50% to 70% for the employee training incentive program. This change applies to businesses that successfully complete eligible training, with a maximum credit of $10,000 per employee. The commissioner of economic development will issue a certificate of tax credit upon approval of an application and successful completion of the training. The bill takes effect immediately upon enactment.

Increases the credit for eligible training costs in the employee training incentive program from 50% to 70%.

The bill amends the economic development law to increase the credit for eligible training costs from 50% to 70% for the employee training incentive program. This change applies to businesses that successfully complete eligible training, with a maximum credit of $10,000 per employee. The commissioner of economic development will issue a certificate of tax credit upon approval of an application and successful completion of the training. The bill takes effect immediately upon enactment.