Establishes the COVID-19 recovery local employment tax credit program to incentivize employers to hire local employees in full-time or part-time.

New York S04863 establishes the COVID-19 recovery local employment tax credit program. The program provides tax incentives to employers for employing local employees in full-time or part-time positions in the two years following the conclusion of the state disaster emergency declared pursuant to executive order two hundred two. The commissioner is authorized to allocate up to forty million dollars of tax credits under this program. Qualified employers can receive up to $750 per month for each full-time employee and $375 per month for each part-time employee for up to six months.

Establishes the COVID-19 recovery local employment tax credit program to incentivize employers to hire local employees in full-time or part-time.

New York S04863 establishes the COVID-19 recovery local employment tax credit program. The program provides tax incentives to employers for employing local employees in full-time or part-time positions in the two years following the conclusion of the state disaster emergency declared pursuant to executive order two hundred two. The commissioner is authorized to allocate up to forty million dollars of tax credits under this program. Qualified employers can receive up to $750 per month for each full-time employee and $375 per month for each part-time employee for up to six months.