NY A08459

Amends the farm employer overtime tax credit to allow advance payments in three quarterly periods instead of one, with applications due by May 31, August 31, and November 30 respectively.

Establishes three separate advance payment windows: January 1-March 31, April 1-June 30, and July 1-September 30, allowing farm employers to request tax credits for eligible overtime paid during each period.

Requires farm employers to submit completed applications to the Department of Agriculture and Markets for each quarter, with the department issuing certificates of tax credit specifying the advance payment amount.

Changes the deadline for taxpayers to submit credit requests to the Department of Taxation and Finance to July 1, October 1, and January 1 of the following year depending on which quarterly payment period applies.

Takes effect January 1, 2025.