Eligible farm employers will be able to apply for the Farm Employer Overtime Tax Credit starting this year to help offset the cost of the overtime premium. Both the state Departments of Agriculture and Markets, and Tax and Finance have set up webpages to help explain this new tax credit and how to apply for it.
Tag: overtime
NEW RESEARCH REPORT: How NY Farmers Adapted to New Farm Labor Overtime Requirements
by Richard Stup, Elizabeth Higgins, Jason Karszes, Bradley Rickard and Christopher Wolf New York farmers are putting much thought into adapting their businesses in response to the state’s farm labor overtime requirements. Cornell researchers are studying how farms adapted and continue to adapt to changing regulatory requirements and to an overall tight and competitive labor market. Read More…
NYS Tax Credit to Offset Additional Cost of Overtime Hours
Dr. Richard Stup, CCE-Agricultural Workforce Development Program, Ithaca, New York With the 2022-23 Budget Act, New York state government created a new tax credit that will essentially cover the cost of overtime for farm employers. While this tax credit is technically effective now, it is not relevant because the required overtime threshold remains at 60 hours Read More…
New York Farm Labor Overtime Threshold to Decline from 60 hours to 40 hours by 2032
Dr. Richard Stup, CCE-Agricultural Workforce Development Program, Ithaca, New York New York’s state government took another major step toward reducing the farm laborer overtime threshold on September 30, 2022. Labor Commissioner Roberta Reardon issued a press release and official order accepting the findings of the Farm Laborer Wage Board report. The NY State Department of Labor will Read More…