New York is launching the U.S.' first tax credit for employers who hire individuals in recovery for drug or alcohol addiction, according to www.crainsnewyork.com.
The Recovery Tax Credit program offers employers in the state up to $2,000 for each eligible employee, starting in 2020. To qualify, employees must have worked at least 500 hours and be participating in a rehabilitation program approved by the state Office of Alcoholism and Substance Abuse Services.
The credit was approved through the state budget passed in April, and the state will allocate up to $2 million each year for the program.
In a news release, Gov. Andrew Cuomo (D-N.Y.) said the program will help "remove the stigma surrounding addiction and ensure those battling this disease can create a stable and sustainable path to recovery."
