What's happening
This bill increases the farm workforce retention tax credit amounts for eligible farm employees for various tax years.
Why it matters
Significantly increasing the credit per eligible farm employee provides greater financial relief to farm owners, potentially improving their ability to retain workers in a competitive labor market.
Larger tax credits could incentivize farms to maintain or even expand employment, which may help stabilize rural economies and support local communities dependent on agriculture.
The boost in credit amounts may help farms offset rising operational costs, such as wages or compliance with new labor regulations, improving the overall viability of New York farms.
The stepwise increases over several years signal a longer-term policy commitment to supporting the agricultural workforce, which could encourage farms to make more strategic, long-range workforce decisions.
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Raise Farm Worker Tax Credit
Plain English, a few words. Used as the page title.
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History
- Referred to ways and means
- Referred to ways and means
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Increase Farmworker Tax Credits
In Senate Committee · Investigations And Government Operations · Sponsor Rachel May
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
7136
2019-2020 Regular Sessions
IN ASSEMBLY
April 10, 2019
Introduced by M. of A. BUTTENSCHON, D'URSO, LUPARDO, WOERNER, SAYEGH, WILLIAMS -- read once and referred to the Committee on Ways and Means
AN ACT to amend the tax law, in relation to the farm workforce retention credit
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subdivision (e) of section 42 of the tax law, as added by section 1 of part RR of chapter 60 of the laws of 2016, is amended to read as follows:
(e) For taxable years beginning on or after January first, two thousand seventeen and before January first, two thousand eighteen, the amount of the credit allowed under this section shall be equal to the product of the total number of eligible farm employees and two hundred fifty dollars. For taxable years beginning on or after January first, two thousand eighteen and before January first, two thousand nineteen, the amount of the credit allowed under this section shall be equal to the product of the total number of eligible farm employees and [three] six hundred dollars. For taxable years beginning on or after January first, two thousand nineteen and before January first, two thousand twenty, the amount of the credit allowed under this section shall be equal to the product of the total number of eligible farm employees and [five] eight hundred dollars. For taxable years beginning on or after January first, two thousand twenty and before January first, two thousand twenty-one, the amount of the credit allowed under this section shall be equal to the product of the total number of eligible farm employees and [four hundred] one thousand dollars. For taxable years beginning on or after January first, two thousand twenty-one and before January first, two thousand twenty-two, the amount of the credit allowed under this section shall be equal to the product of the total number of eligible farm employees and [six hundred] one thousand two hundred dollars.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04050-01-9
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.