Skip to content

Governor Hochul Launches First Phase of New Refundable Overtime Tax Credit Available for Farm Employers in 2024

Governor Hochul Launches First Phase of New Refundable Overtime Tax Credit Available for Farm Employers in 2024

February 13, 2024 Last Edit: July 21, 2024

The Farm Employer Overtime Credit is a refundable tax credit available for eligible farm employers who pay overtime wages after January 1st, 2024, based on the gradual phase-in of the overtime threshold in New York State.

The Farm Employer Overtime Credit is a refundable tax credit available for eligible farm employers who pay overtime wages after January 1st, 2024, based on the gradual phase-in of the overtime threshold in New York State. Farmers can apply for this refundable credit if they or their business are an eligible farmer; and employ eligible farm employees that were paid eligible overtime.

For more information, and a user guide to assist farmers with preparatory steps for this Refundable Tax Credit, please visit:

https://agriculture.ny.gov/system/files/documents/2024/01/farmemployerovertimecreditadvanceuserguide.pdf

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

Project meeting. Marketing team discussing new working plan. Laptop and paperwork in open space office
November 25, 2025
REMINDER! Be Sure You Are Ready for the New MI Unemployment Sys…
The MI unemployment system is transitioning to a new tax & benefits system…
Read More
November 25, 2025
Maine Capitol Update
Learn more about paid family leave tax compliance, expected 2026 legislatio…
Read More
Close Up Of Farmer Working In Organic Farm Field
November 25, 2025
NFIB Survey: Share Your Thoughts on Ohio Property Tax Proposals
Take NFIB’s survey on eliminating the property tax
Read More
The State Capitol Building in Montpelier Vermont
November 24, 2025
Vermont School Redistricting and Property Tax Relief in Limbo
Future of property tax savings through administrative consolidation and sch…
Read More

© 2001 - 2025 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility