New York Youth Jobs Program tax credit
The Urban Youth Jobs Program Tax Credit is now called the New York Youth Jobs Program Tax Credit.
Five independent annual credit programs have also been added.
You are entitled to this refundable credit if you or your business:
- is certified by the New York State Department of Labor (DOL) to participate in the program,* and
- hires qualified employees between the ages of 16 to 24. The qualified employees must start work between January 1 and December 31 of the program year in which you are participating.
Note: The program was originally called the New York Youth Works Tax Credit Program.
|Program||Employee hiring dates|
|Program 3||1/1/15 - 12/31/15|
|Program 4||1/1/16 - 12/31/16|
|Program 5||1/1/17 - 12/31/17|
|Program 6||1/1/18 - 12/31/18|
|Program 7||1/1/19 - 12/31/19|
|Program 8||1/1/20 - 12/31/20|
|Program 9||1/1/21 - 12/31/21|
|Program 10||1/1/22 - 12/31/22|
* The DOL must have received the application for certification by November 30, of the program year for which you are applying. Note: Program 1 and Program 2 have expired.
|If the qualified employee is hired for a||the maximum credit is||and is allowed as follows|
full-time position (35 hours or more per week)
part-time position at least 20 hours per week (or 10 hours per week if enrolled in high school full-time)
Note: The credit component based on the first six months of employment will be allowed in the tax year in which you pay the wages to the qualified employee. The credit component based on employment beyond the first six months (employment of one full year) will be allowed in the tax year in which the additional six month period ends. The credit computed based on employment for two full years will be allowed in the tax year in which the second year of employment ends.
Taxpayers must prove entitlement to tax credits. During the course of an audit, you may be required to provide documentation to substantiate entitlement based on the specific facts of your tax credit claim. See New York Youth Jobs Program tax credit recordkeeping requirements for more information on the recordkeeping requirements for this credit.
For additional information, see:
- New York State Department of Labor website;
- Form CT-635, Urban Youth Jobs Program Tax Credit, and its instructions, Form CT-635-I (for corporations); or
- Form IT-635, Urban Youth Jobs Program Tax Credit, and its instructions, Form IT-635-I (for all others).
The 2017 tax year forms will be available in December of 2017.
To learn about other New York State tax credits available to businesses, see Business Incentives.