New York S05647 establishes a tax credit for small businesses that invest in facility improvements to reduce the spread of infectious diseases.

New York S05647 amends the tax law to create a tax credit for small businesses that make efforts to improve their facilities to mitigate the spread of infectious diseases. The credit is equal to the amount spent on constructing, installing, building, and equipping new amenities intended to reduce infectious disease spread, up to a maximum of $5,000 per location. The credit can be carried over to the following three years if it exceeds the tax due for the current year. A small business is defined as any business with fifty or fewer employees.

New York S05647 establishes a tax credit for small businesses that invest in facility improvements to reduce the spread of infectious diseases.

New York S05647 amends the tax law to create a tax credit for small businesses that make efforts to improve their facilities to mitigate the spread of infectious diseases. The credit is equal to the amount spent on constructing, installing, building, and equipping new amenities intended to reduce infectious disease spread, up to a maximum of $5,000 per location. The credit can be carried over to the following three years if it exceeds the tax due for the current year. A small business is defined as any business with fifty or fewer employees.