Tax break for companies that hire teens only for small businesses: Sen. Peralta


    As reported by the Daily News:

    ALBANY - A Queens State Senator wants to limit a controversial tax break for companies that hire teen workers to mom and pop stores - not big retailers like Walmart.

    “We really should make the focus toward small businesses,” said Sen. Jose Peralta, a Democrat, who plans to push for changes to the credit when the legislative session begins in January.

    The tax credit was included in the state’s 2013-14 budget to compensate businesses for an increase in the state’s minimum wage.

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    Publication date: 
    Monday, November 25, 2013 - 23:52