Farm workforce retention credit
For tax years beginning on or after January 1, 2017, and before January 1, 2022, you are entitled to this refundable credit if you:
- are a farm employer or an owner of a farm employer, and
- you have an eligible farm employee.
How much is the credit?
The farm workforce retention credit is equal to a fixed dollar amount per eligible farm employee. The credit amounts per eligible farm employee by tax year are shown in the table below:
|Tax years beginning on or after||Credit amount per eligible farm employee|
|January 1, 2017, and before January 1, 2018||$250|
|January 1, 2018, and before January 1, 2019||$300|
|January 1, 2019, and before January 1, 2020||$500|
|January 1, 2020, and before January 1, 2021||$400|
|January 1, 2021, and before January 1, 2022||$600|
A farm employer may not use any farm employees used in the computation of the farm workforce retention credit to claim any other tax credit.
For additional information, see:
TSB-M-16(7)C, (5)I, Farm Workforce Retention Credit
To learn about other New York State tax credits available to businesses, see Business incentives.