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S 3694 New York Senate · 2025 Regular Session

Establishes the work opportunity tax credit for businesses with fifty employees or less for hiring a long term unemployed person

Summary
Establishes the work opportunity tax credit for businesses with fifty employees or less for hiring a long term unemployed person; provides a credit shall be allowed of up to $2,400; provides the total amount of credit provided statewide shall not exceed fifteen million dollars.
Issues: ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax credit for small businesses hiring long-term unemployed, reducing tax burden - aligns with tax relief indicator for support.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides tax credit to businesses hiring long-term unemployed, directly advancing employment opportunities and supporting workforce reintegration.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 29, 2025 Last action Jan 7, 2026
Floor votes

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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
3
Jan 7, 2026
Committee
REFERRED TO BUDGET AND REVENUE
upper
May 28, 2025
Committee
REPORTED AND COMMITTED TO FINANCE
upper
Jan 29, 2025
Committee
REFERRED TO BUDGET AND REVENUE
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of James Sanders
James Sanders
DDemocratic
NY
10