Hudson Valley farmers eligible for new overtime credit advance
Gov. Hochul encourages eligible farmers to register now and begin keeping track of overtime payments between Jan. 1 and July 31 to receive reimbursement later this year.
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Some Hudson Valley farmers may have some extra cash coming their way this tax season.
Gov. Kathy Hochul has announced the launch of the state's new Farm Employer Overtime Credit Advance Portal. She encourages eligible farmers to register now and begin keeping track of overtime payments between Jan. 1 and July 31 to receive reimbursement later this year.
To prepare for the application, you should make sure you're registered for a NY.gov ID, take the Farm Employer Eligibility Assessment to see if you're eligible, discuss the program with your tax and payroll advisors, and register your farm in the online portal.
After July 31, you can submit your application to the Department of Agriculture and Markets (AGM). The deadline to apply is Sept. 30.
