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New York policy

A4454: Relates to establishing a first permanent payroll employee tax credit

NY Assembly · Sponsor Andrew Molitor

Jurisdiction
New York State
Applies to
New York State (proposed)
Effective
January 7, 2026

What it requires

Establishes a first permanent payroll employee tax credit which allows a business to receive a tax credit for the three years following the employment of such business' first permanent payroll employee where such credit equals a portion of the amount it costs to employ such permanent payroll employee.

ny-stateassemblylegislationbill

Official source ↗

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