New York S05594 establishes a $1,500 tax credit for small businesses hiring and retaining eligible immigrant workers for at least six months.

New York S05594 amends the tax law to introduce a new tax credit for small businesses. Specifically, businesses with fifty or fewer employees can claim a $1,500 credit for each eligible immigrant worker they hire and retain for at least six months. This credit is intended to incentivize the employment of immigrant workers by small businesses. The credit applies to workers hired during a taxable year and retained for full-time employment for at least six months. The amendment takes effect immediately upon enactment.

New York S05594 establishes a $1,500 tax credit for small businesses hiring and retaining eligible immigrant workers for at least six months.

New York S05594 amends the tax law to introduce a new tax credit for small businesses. Specifically, businesses with fifty or fewer employees can claim a $1,500 credit for each eligible immigrant worker they hire and retain for at least six months. This credit is intended to incentivize the employment of immigrant workers by small businesses. The credit applies to workers hired during a taxable year and retained for full-time employment for at least six months. The amendment takes effect immediately upon enactment.