Relates to a minimum wage reimbursement credit

This bill creates a tax credit for New York employers who hire qualifying young workers. It allows employers to get reimbursed up to $1.35 per hour for each hour worked by employees aged 16-19 who are students and paid at or slightly above New York's minimum wage (up to 50 cents over the rate). The credit amount varies by year, and it adjusts if the federal minimum wage increases above 85% of New York's rate. The credit applies to tax years beginning January 1, 2025, and affects businesses employing eligible young students in New York State.