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NEW YORK & NEW JERSEY HURRICANE KATRINA ASSISTANCE GUIDE Last Updated: March 6, 2006, TABLE OF CONTENTS OVERVIEW ..............................................................................................................
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New York State Annual Minimum Wage Credit (NY AWC) and New York City Additional Minimum Wage Credit (NYC AWC) are tax credits available to certain employers in New York State.
Employers in New York State who meet the eligibility requirements for the tax credits.
The credits are claimed on Form IT-252, which must be attached to the employer's annual New York State income tax return.
The purpose of the tax credits is to provide financial incentives to employers who pay their employees at or above the state's minimum wage.
Employers must report the total number of employees, the total number of hours worked, and the total amount paid each employee.
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