Discretionary Incentives

Featured Programs

New York Investment Tax Credit

The state of New York offers a variety of tax credit and incentive programs designed to help businesses invest in their workforce, locate in strategic areas and improve their facilities.

Excelsior Jobs Program:
  • Research & Development Tax Credit - Businesses qualifying under the Excelsior Jobs Program may apply for the Excelsior Research & Development Tax Credit. Businesses can claim a credit of up to 50% of the federal R&D credit that relates to qualified R&D expenditures in NYS with a cap of 3% of the qualified R&D expenditures conducted in NYS.  Businesses must be approved through a formal certification process and complete annual compliance reporting. 
  • Jobs Tax Credit - Businesses qualifying under the Excelsior Jobs Program may apply for the Excelsior Jobs Tax Credit.  Businesses can claim a credit equal to 6.85% of wages per new job.  Businesses must be approved through a formal certification process and complete annual compliance reporting. 
  • Investment Tax Credit - Businesses qualifying under the Excelsior Jobs Program may apply for the Excelsior Investment Tax Credit.  Businesses can claim a credit equal to 2% of qualified expenditures.  Qualified expenditures include tangible property (building and structural components) that are depreciable and have a useful life of 4 years or more.  Businesses must be approved through a formal certification process and complete annual compliance reporting. 
Qualified Emerging Technology Company (QETC) Program
  • QETC Employment CreditQualified  businesses are allowed a refundable tax credit of $1,000 per new full-time employee (i.e. employees in excess of 100% of base year employment level), available for one three-year period (i.e. the year the credit is first claimed and in each of the next two years) provided minimum employment levels are maintained.  A qualified emerging technology company (QETC) is defined as "a company located in New York State:
    • whose primary products or services are classified as emerging technologies and whose total annual product sales are $10 million or less [the primary products or services test];
    • or
    • a company which has research and development activities in New York State and whose ratio of research and development funds to net sales equals or exceeds the average ratio for all surveyed companies classified as determined by the National Science Foundation in the most recent published results from its Survey of Industry Research and Development, or any comparable successor survey as determined by the department, and whose total annual product sales are $10 million or less [the research and development test]."  If a startup has R&D expenditures but no sales then they automatically qualify as a QETC.  Businesses must be approved through a formal certification process and complete annual compliance reporting.

WOTC Tax Credit Calculator

All businesses that pay income tax in the U.S. qualify for the federal Work Opportunity Tax Credit (WOTC). To quickly estimate your company’s WOTC, fill out the fields below.

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