Friday, June 13, 2014

State Hopes Tax Credit Will Create Jobs

HAVERSTRAW, N.Y. — New York State officials are hoping that a new tax credit will convince more businesses and organizations to hire people with intellectual and other developmental disabilities.
Starting Jan. 1, employers that do so will be eligible for tax credits of up to $5,000 for a full-time employee (30 or more hours per week) and up to $2,500 for a part-time worker. The Workers with Disabilities Tax Credit program, also called Inspire New York, will cost the state up to $6 million a year for the five years the law is in effect, a spokesman for Gov. Andrew Cuomo's Division of the Budget said.

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