NY A01369

Allows small businesses with 100 employees or fewer to claim a tax credit of $5,000 per disabled person hired, up to a maximum of $25,000 per year.

Requires disabled employees to work at least 35 hours per week and remain employed for at least 12 months to qualify for the credit.

Defines "disabled person" as someone with a physical, mental, or medical impairment resulting from anatomical, physiological, genetic, or neurological conditions that prevents normal bodily function or is demonstrable by medically accepted diagnostic techniques.

Unused credits may be carried forward to the next five succeeding taxable years, but cannot reduce tax liability below zero.

Establishes an annual aggregate cap of $5 million in total credits available statewide, to be allocated by the commissioner, with excess applications rolled forward to the following year; applies to taxable years beginning January 1, 2019 through December 31, 2024.