Webinar: Tax Incentives for New York Farm Employers

The 2022-23 New York State Budget included three significant tax credits that could be applicable to many farmers in New York. Join Farm Credit East, the New York Departments of Agriculture and Markets and Taxation and Finance, and Cornell Agricultural Workforce Development on Tuesday, June 21, at 11 a.m. for an informative webinar on these tax credits.

The Investment Tax Credit and Farm Workforce Retention Credit have been expanded and the budget also included a Farm Worker Overtime Tax Credit which would take effect if the farm worker overtime threshold is reduced below 60 hours per week. All three credits could bring benefits to farms across the state. Find out what’s new, what the tax credits cover and how to use them, and what’s known at this time about the overtime credit. 

This webinar is free to attend. Register at FarmCreditEast.com/Webinars. A recording will be posted for those who cannot attend live. Contact Chris Laughton at (800) 562-2235 or Chris.Laughton@farmcrediteast.com for more information. 

Farm Credit East is a member-owned cooperative with 25 locations in its eight-state service area. In addition to loans and leases, the organization also offers a full range of specialized financial services, such as tax preparation, payroll, record keeping, appraisal and consulting for farming, forest products and commercial fishing businesses. Farm Credit East is governed by a 19-person board of directors, comprised of 15 customer-elected, two customer appointed and two outside appointed directors. For more information, visit FarmCreditEast.com.