S4248 (2025-26 session)
NY State bill
Provides a 50% tax credit for new income tax revenue generated by a new employee; provides credit may be taken up to 10 years; provides that the Department of Economic Development must monitor and certify the additional employment for any business which applies for the credit; provides any company taking the credit must maintain employment in the state for twice the number of years as the term of the tax credit; provides the Department of Economic Development shall annually report to the governor and the Legislature on the number and amounts of credits.
- Title
- Provides for a job creation tax credit
- Type
- New York State Senate bill
- Session
- 2025-26 session
- Status
- In Senate Committee
- Latest action date
- 2026-01-07
- In committee
- Budget And Revenue
- Introduced
- 2025-02-03
- Law section
- Tax Law
Sponsors
- Kevin S. Parker State Senator, District 21
Heard in committee
- Budget And Revenue NY State Senate committee