Recovery Tax Credit Program
New York State leads the nation with the first ever Recovery Tax Credit Program. Eligible employers are those that pay corporate finance taxes in NYS. Employers must submit the RFA to be eligible for the Recovery Tax Credit Program. Eligible employees must be in recovery from a SUD and hired on or after April 12, 2019. Employees must work at least 500 hours at an eligible employer and remain employed until 2020. $2 million in tax credits (up to $2,000 per eligible employee) will be available for eligible employers for the 2020 tax year.
Eligible Applicants: All employers that pay corporate finance tax in NYS.
Application Deadline: December 1, 2020