New York Tax Incentives for Farm Employers: Overtime, Investment and Employee Retention
Event Details
Date
June 21, 2022
Time
11am - 12:30pm EDT
Location
Webinar
Host
Farm Credit East
In the 2022 State of the State and State Budget, Governor Hochul announced three significant tax credits that are applicable to many farmers in New York: - The Farm Worker Overtime Tax Credit - reimburses farms for overtime expenses if the threshold is reduced below 60 hours per week
- The Investment Tax Credit - provides a tax credit when farm assets are purchased and placed into service
- The Employee Retention Credit - provides a tax credit based on the number of farm employees working over 500 hours (per year)
These tax credits are all new or expanded, and can bring significant benefits to farms across the state. Please attend this webinar to find out what's new, what these tax credits cover, and how to apply. Some of these programs are still in development, so we will cover what is known, and what is yet to be determined. Time will be provided for Q&A with tax experts.
This webinar is presented in collaboration with Farm Credit East, NYS Department of Agriculture & Markets, NYS Department of Taxation & Finance, and Cornell Agricultural Workforce Development.
This webinar is free and open to all. To register, visit: www.FarmCreditEast.com/webinars. The webinar will be recorded for those who cannot attend live, and posted on Farm Credit East's webinars page for future reference.
Field Crops
Dairy
Business
Livestock
Grains
Upcoming Events
Cover Crop & Soil Health Field Day
April 24, 2025
Freeville, NY
Join us for a field day featuring cutting edge cover crop and soil health research and resources.
Crops, Cows & Critters - Southwest New York Dairy, Livestock & Field Crops Newsletter Sponsorship
December 19, 2025
Our two forms of publications feature research-based and timely information from our four specialists, listed to the right, along with local event notifications and Cornell University outreach. This information is provided to participants who range from dairy, livestock, and field crops producers to agricultural suppliers and consultants.
Weekly Email Update: Shared with 550+ households who have signed up with our program.
Monthly Paper Mailer: To reach our stakeholders and farmers who lack internet access, we send out a monthly mailer where your company's logo and contact information would be featured with a mailing list of 320+ households.
If you sponsor our weekly and monthly publications you reach approximately 870 households.
Visit our website to view our newsletters!
Announcements
No announcements at this time.