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

February 19, 2026
WATCH: NFIB Arizona Member Testifies Before Ways and Means Committee
NFIB Leadership Council Member Brad Scott testifies in support of HB 2290, which would clarify Arizona’s Transaction Privilege Tax Sourcing Law
Read More
February 18, 2026
NFIB Arizona to Lawmakers: Small Businesses Need Tax Certainty Now
“We will continue to urge lawmakers to take action and align Arizona’s income tax code with the small business provisions that are permanent in federal law so …
Read More
Radio Microphone with an on air sign in the bacjkground
February 18, 2026
NFIB Takes Opposition to Millionaire Tax to the Airwaves
KIRO 7 News interview helping set the record straight
Read More
Kentucky State Capitol
February 18, 2026
NFIB Urges Swift Action on Tax Bill Affecting Main Street Businesses
The legislation would let businesses pay local taxes electronically.
Read More

© 2001 - 2026 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility