Governor Cuomo Announces FY 2020 Enacted Budget Includes Nation's First Recovery Tax Credit Program

Posted to Applied Web NY on Wed, 05/08/2019 - 14:57

Governor Andrew M. Cuomo today announced the FY 2020 Enacted Budget includes the nation's first Recovery Tax Credit program, which provides tax incentives for certified employers who hire people in recovery from substance use disorders in either full- or part-time positions. Beginning in the year 2020, up to $2 million will be allocated for this program annually, with employers receiving a maximum credit of $2,000 for each eligible person they hire. The New York State Office of Alcoholism and Substance Abuse Services will administer the program in conjunction with the Department of Taxation and Finance.

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