S 5594: Establishes a $1,500 tax credit for each eligible immigrant worker hired and retained for at least six months by a small business.
What S 5594 does, verified January 9, 2026
The proposed tax credit for small businesses employs an eligible immigrant worker. A taxpayer will be allowed a credit against the tax imposed, in an amount of one thousand five hundred dollars for each eligible immigrant worker hired and retained for full-time employment for at least six months. This tax credit is applicable only to businesses employing fifty or fewer employees. The credit will be available to businesses that hire eligible immigrant workers during a taxable year and retain them for the required period. The tax credit is intended to incentivize small businesses to hire immigrant workers, providing a financial benefit to encourage their participation in the workforce. The proposed tax credit will be available immediately, with no waiting period or phase-in period.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO BUDGET AND REVENUE (2026-01-07)Alert me
Quick answers about S 5594
- What is the current status of S 5594?
- As of January 9, 2026, S 5594 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "REFERRED TO BUDGET AND REVENUE".
- Did S 5594 pass?
- Not yet. S 5594 has been introduced and has not passed either house.
- Who wrote S 5594, and where is it now?
- S 5594 was authored by Sen. Nathalia Fernandez. Its committee of record is Senate Budget & Revenue. It is filed under TAX, alongside 323 other New York TAX bills this session.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | REFERRED TO BUDGET AND REVENUE |
| Feb. 25, 2025 | REFERRED TO BUDGET AND REVENUE |
Latest bill textIntroduced version, February 25, 2025 · 343 words
STATE OF NEW YORK ________________________________________________________________________ 5594 2025-2026 Regular Sessions IN SENATE February 25, 2025 ___________ Introduced by Sen. FERNANDEZ -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law, in relation to establishing a tax credit for small businesses employing an eligible immigrant worker The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 210-B of the tax law is amended by adding a new 2 subdivision 61 to read as follows: 3 61. Immigrant worker tax credit. A taxpayer shall be allowed a credit 4 against the tax imposed by this article, in an amount of one thousand 5 five hundred dollars for each eligible immigrant worker hired during a 6 taxable year and retained for full-time employment for at least six 7 months. Such tax credit shall be applicable only to businesses employing 8 fifty or fewer employees. 9 § 2. Section 606 of the tax law is amended by adding a new subsection 10 (qqq) to read as follows: 11 (qqq) Immigrant worker tax credit. A taxpayer shall be allowed a cred- 12 it against the tax imposed by this article, of one thousand five hundred 13 dollars for each eligible immigrant worker hired during a taxable year 14 and retained for full-time employment for at least six months. Such tax 15 credit shall be applicable only to businesses employing fifty or fewer 16 employees. 17 § 3. Subparagraph (B) of paragraph 1 of subsection (i) of section 606 18 of the tax law is amended by adding a new clause (lii) to read as 19 follows: 20 (lii) Immigrant worker tax Amount of credit under 21 credit under subsection (qqq) subdivision sixty-one of 22 section two hundred ten-B 23 § 4. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09027-01-5
Text of S 5594 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions