NYtax_creditmixed

Economic Transformation and Facility Redevelopment Program

NY-ETF-REDEV · New York

Summary

Ten-year multi-component credit package (Jobs Tax Credit, Investment Tax Credit, Real Property Tax Credit, Training Credit) for redevelopment of closed state facilities.

Benefit

Percentage
Flat
Duration
10 years
Max annual
(taxpayer)
Max total
(taxpayer)
Carryforward

Program metadata

Distribution
taxpayer_earned
Claimant subject
business
Refund/transfer election
Program family
Effective
Sunset
Application deadline
Transfer discount

Tiers (1)

#NameBenefitMin jobsMin investmentMin wageMax annual
110-Year Closed Facility Redevelopment

Hard requirements (1)

  • zone_typeProject must be located at a site of a closed state facility (zone_type=performance_designation; state-specific label in incentive_geo_zones)

Preference / tiering rules (0)

None.

NAICS industries (0)

Any.

Geo zones (1)

  • performance_designation · Closed state facility zone (prison, juvenile facility, etc.)

Tags (0)

None.

Tax bases

  • corporate_income_taxprimary
  • personal_income_tax

Source

https://www.tax.ny.gov/bus/business-incentives.htm
New York Economic Development Law Article 16; NY Tax Law Articles 9-A and 22
Last verified: 2026-04-19