New York bill S04312 grants a $500 tax credit to combat veteran entrepreneurs who start a business in the state.

Bill S04312 amends the New York tax law to introduce a Combat Veteran Entrepreneur Credit. This credit provides a $500 tax credit to combat veterans who establish a new business in New York. The credit applies to taxes under articles nine-A or twenty-two of the tax law. The total credit available statewide is capped at $5 million per taxable year. The bill defines a "combat veteran" as a resident of New York who served in the U.S. armed forces in hostilities after December 6, 1945, and was honorably discharged.

New York bill S04312 grants a $500 tax credit to combat veteran entrepreneurs who start a business in the state.

Bill S04312 amends the New York tax law to introduce a Combat Veteran Entrepreneur Credit. This credit provides a $500 tax credit to combat veterans who establish a new business in New York. The credit applies to taxes under articles nine-A or twenty-two of the tax law. The total credit available statewide is capped at $5 million per taxable year. The bill defines a "combat veteran" as a resident of New York who served in the U.S. armed forces in hostilities after December 6, 1945, and was honorably discharged.