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:
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.
A qualified employee is an employee who:
The New York credit amount is 35% of the first $6,000 of qualified first-year wages or qualified second-year wages. A credit of up to $2,100 per employee is available.
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:
To qualify for the tax credit, businesses must:
Credit Amounts:
