New York State Credits

For tax years beginning on or after January 1, 2015, and before January 1, 2020, this tax credit is available to qualified employers subject to tax under Article 9-A or 22 and employs qualified individuals with disabilities.

To qualify for the tax credit, businesses must:

• be a certified participant in the Workers with Disabilities Tax Credit Program;
• have paid qualified wages to a qualified employee; and
• have received the final Certificate of Eligibility from DOL.

The credit is equal to 15% of the qualified wages paid during the tax year to a qualified full-time employee who works at least six months for at least 30 hours per week and 10% of the qualified wages paid during the tax year to a qualified part-time employee who works at least six months for at least eight hours per week. The maximum amount of credit allowed per qualified employee for any tax year is $5,000 for a full-time employee and $2,500 for a part-time employee.

The credit is equal to 10% of the total amount of wages paid to the qualified veteran during the veteran’s first full year of employment, but not more than $5,000. If the qualified veteran is a disabled veteran, the credit is equal to 15% of the total amount of wages paid to the qualified veteran during the veteran’s first full year of employment, but not more than $15,000.

To qualify for the tax credit, businesses must:

• Be subject to tax under Tax law Article 9-A, 22 or 33;
• Hire a qualified veteran who begins his or her employment on or after January 1, 2014, but before January 1, 2020; and
• Employ the qualified veteran in New York State for one year or more for at least 35 hours each week.