NY A10920

Establishes a tax credit for employers with 500 or fewer employees resident in New York for purchasing personal protective equipment (PPE) for employee use.

Maximum credit amount is $5,000 per taxpayer per year based on actual PPE purchase costs.

Defines PPE as equipment worn or used to minimize exposure to communicable disease, including gloves, masks, and faceshields.

Allows unused credit amounts to be carried forward to subsequent tax years, reduced by any credits previously claimed or carried over.

Takes effect immediately and applies to the taxable year of enactment and all subsequent years.