New York S04382 creates a tax credit for employers who hire individuals on probation or parole.

New York S04382 introduces a tax credit for employers who hire qualified employees on probation or parole. A qualified employee is someone who has been convicted of a felony, is on probation or parole, and has worked full-time for the employer for at least 180 days or 400 hours. The credit is 35% of the first $6,000 in wages earned by the employee in their first year of employment. If the credit exceeds the employer's tax liability, the unused credit can be carried over to subsequent years. The bill also coordinates with federal work opportunity tax credits.

New York S04382 creates a tax credit for employers who hire individuals on probation or parole.

New York S04382 introduces a tax credit for employers who hire qualified employees on probation or parole. A qualified employee is someone who has been convicted of a felony, is on probation or parole, and has worked full-time for the employer for at least 180 days or 400 hours. The credit is 35% of the first $6,000 in wages earned by the employee in their first year of employment. If the credit exceeds the employer's tax liability, the unused credit can be carried over to subsequent years. The bill also coordinates with federal work opportunity tax credits.