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NY A09824

Bill

Status

Introduced

4/9/2024

Primary Sponsor

Donna Lupardo

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Amends the farm employer overtime tax credit eligibility to include professional employer organizations (PEOs) as defined in section 916 of the labor law that have a contractual relationship with an eligible farm employer
  • Expands the definition of eligible farm employer to encompass PEOs, in addition to farm employers and farm employer owners
  • Extends eligibility for the credit to farm employees employed by a PEO in a contractual relationship with an eligible farm employer, maintaining the exclusion for general executive officers
  • Allows taxpayers that are PEOs to claim the credit against taxes imposed under articles 9-A and 22 of the tax law
  • Takes effect immediately upon enactment

Legislative Description

Extends eligibility for the farm employer overtime tax credit to certain professional employer organizations that are in a contractual relationship with an eligible farm employer.

Last Action

substituted by s9082

6/7/2024

Committee Referrals

Rules6/6/2024
Ways and Means4/9/2024

Full Bill Text

No bill text available