Governor Cuomo Signs Bill to Revise the New York Youth Works Tax Credit
John A. DeFrancisco
December 19, 2013
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ISSUE:
- Youth
State Senator John A. DeFrancisco (R-I-C, Syracuse) announced today that Governor Cuomo has signed his bill (S.4762A) into law that will reduce the number of employer qualification hours for the New York Youth Works program.
“This revision will help young workers, who might find it difficult to keep up their school work while working in a job at least 20 hours a week,” Senator DeFrancisco said.
The New York Youth Works program offers tax credits to businesses that employ local, at-risk youth between the ages of 16 and 24.
Many of the youth that participate in the program are attending high school or college full-time. Under prior law, in order to qualify for the tax credit,
businesses had to employ eligible youth for a minimum of 20 hours each week. This new law reduces that minimum requirement to 10 hours each week.
“By reducing the minimum number of hours, students will be able to focus more time on their school work while still having the chance to gain valuable work experience, said Senator DeFrancsico. “At the same time, businesses will continue to receive important tax credits for creating and maintaining local jobs."
The act will take effect immediately.