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

Clothes on a rack at a Retail store
Related
July 27, 2026
Arkansas’ Sales Tax Holiday Weekend Is an Opportunity to Shop Small
Certain items will be exempt from sales tax Saturday, August 1-Sunday, August 2
Read More
Related
July 27, 2026
NFIB Encourges Tennesseans to Shop Small During Sales Tax Holiday
This year’s event will be July 31-Aug. 2.
Read More
Related
July 24, 2026
WATCH: What Happened for Small Businesses During the 2026 Arizona Legislative Session?
Learn what happened in Phoenix during the 2026 legislative session and how it affects your small business.
Read More
In Front of the Massachusetts State House in Boston
Related
July 23, 2026
 An Economic Development Bill Should Help Massachusetts Small Businesses, Not Hurt Them
How does adding new hurdles to a law that refunds taxpayers more of their hard-earned money make Massachusetts more affordable or competitive?
Read More

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