NY A08905

Allows taxpayers subject to corporate (Article 9-A), partnership (Article 22), or personal income tax (Article 33) to claim a state tax credit equal to 100% of the federal work opportunity tax credit under Internal Revenue Code section 51 for wages paid to New York residents in targeted groups.

Credits are limited to $500 per eligible employee per year, with a lifetime cap of $30 million in total credits issued.

Wages used for this credit cannot be used as the basis for any other state tax credit.

For corporate and personal income tax filers, excess credits that reduce tax below the statutory minimum are treated as overpayments with no interest paid; for partnership filers, excess credits are refunded without interest.

Effective April 1, 2025, applies to wages paid to individuals hired on or after January 1, 2025, and expires December 31, 2027.