New York A 2229: Establishes an employment of New York national guard and reserve members wage tax credit

Bill Text

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A02229 Summary:

BILL NOA02229 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORSantabarbara

&nbsp

COSPNSRColton, DeStefano

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MLTSPNSR

&nbsp

Amd §§210-B & 606, Tax L

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Establishes a tax credit for companies that employ New York national guard and reserve members in an amount equal to fifteen hundred dollars for each national guard or reserve member employed by such employer and twenty-five hundred dollars for each national guard or reserve member employed by such employer who has completed or returned from a deployment or activation.

Go to top A02229 Actions:

BILL NOA02229 

&nbsp

01/15/2025referred to ways and means

01/07/2026referred to ways and means

Go to topA02229 Committee&nbspVotes:

Go to topA02229 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA02229 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2229

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 15, 2025
 ___________

 Introduced by M. of A. SANTABARBARA -- read once and referred to the
 Committee on Ways and Means

 AN ACT to amend the tax law, in relation to creating a wage tax credit
 for employers who employ members of the New York national guard and
 reservists

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Section 210-B of the tax law is amended by adding a new
 2 subdivision 61 to read as follows:
 3 61. Employment of New York national guard and reserve members wage
 4 tax credit. (a) Allowance of credit. A taxpayer shall be allowed a cred-
 5 it, to be computed as provided in paragraph (b) of this subdivision,
 6 against the tax imposed by this article, if it employs members of the
 7 New York national guard and reserves. Provided, however, such taxpayer
 8 shall comply with the Uniformed Services Employment and Reemployment
 9 Rights Act, as found in section 4301 et seq. of title 18 of the United
 10 States Code.
 11 (b) Amount of credit. The credit allowed pursuant to paragraph (a) of
 12 this subdivision shall be in an amount equal to fifteen hundred dollars
 13 for each national guard or reserve member employed by such employer and
 14 twenty-five hundred dollars for each national guard or reserve member
 15 employed by such employer who has completed or returned from a deploy-
 16 ment or activation. Provided, however, that no such credit allowed under
 17 this subdivision shall exceed two thousand five hundred dollars for each
 18 national guard or reserve member employed by such employer.
 19 (c) Application of credit. The credit allowed under this subdivision
 20 for any taxable year shall not reduce the tax due for such year to less
 21 than the amount prescribed in paragraph (d) of subdivision one of
 22 section two hundred ten of this article. If, however, the amount of
 23 credits allowed under this subdivision for any taxable year reduces the
 24 tax to such amount, any amount of credit thus not deductible in such

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05042-01-5

 A. 2229 2

 1 taxable year shall be treated as an overpayment of tax to be credited or
 2 refunded in accordance with the provisions of section one thousand
 3 eighty-six of this chapter. Provided, however, the provisions of
 4 subsection (c) of section one thousand eighty-eight of this chapter
 5 notwithstanding, no interest shall be paid thereon.
 6 § 2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606
 7 of the tax law is amended by adding a new clause (1ii) to read as
 8 follows:
 9 (1ii) Employment of New Amount of credit
 10 York national guard and under subdivision
 11 reserve members credit sixty-one of section
 12 under subsection (qqq) two hundred ten-B
 13 § 3. Section 606 of the tax law is amended by adding a new subsection
 14 (qqq) to read as follows:
 15 (qqq) Employment of New York national guard and reserve members wage
 16 tax credit. (1) Allowance of credit. A taxpayer shall be allowed a cred-
 17 it, to be computed as provided in paragraph two of this subsection,
 18 against the tax imposed by this article if they employ members of the
 19 New York national guard and reserve. Provided, however, they shall
 20 comply with th