Governor Kathy Hochul today announced that eligible farm employers may now apply for the Farm Employer Overtime Credit Advance program and receive reimbursement for eligible overtime paid to employees since January 1, 2025. Now in its second year, the Farm Employer Overtime Credit Advance program is a part of Governor Hochul’s plan to support New York’s farmers through a series of new and increased tax credits and other initiatives and helps to ensure that farm employers can continue to support their workers while reducing their tax burden.
“Our farmers and farm workers are the backbone of New York, and I’m doing everything in my power to ensure that they can thrive in their essential work of bringing fresh, local products to communities across New York,” Governor Hochul said. “The Farm Employer Overtime Credit Advance is a big part of that, reducing the tax burden for our farm businesses while helping them to continue supporting their hardworking staff, caring for animals and harvesting perishable products. I encourage all eligible farmers to learn more about this program and submit their applications now for a certificate of advance payment.”
The Farm Employer Overtime Credit is a refundable tax credit available for farm employers who pay overtime wages, based on the phase-in of an overtime threshold in New York State. Beginning today, farm employers may submit an application to the Department of Agriculture and Markets (AGM) for a certificate of advance payment of eligible overtime paid between January 1 and July 31, 2025 so they can receive reimbursement from the Department of Taxation and Finance (DTF).
Farms that used a Professional Employer Organization (PEO) in 2024 may also apply for certification for eligible overtime paid between January 1, 2024 and December 31, 2024. Applications must be submitted to AGM by September 30. After eligibility review, AGM will issue a certificate of payment to each approved farm employer. With a certificate of advance payment, the approved farmer or business owners (for example, partners or shareholders) can then request their share of the payment from the Department of Taxation and Finance (DTF). This request must be made no later than November 1, using the online services account at DTF’s website.
Source : ny.gov