NYtax_creditpct_of_investmentrefundable

Investment Tax Credit

NY-ITC · New York

Summary

Universal credit on qualified tangible personal property placed in service; new businesses may elect refund (50% of unused portion) or 15-year carryforward.

Benefit

Percentage: —
Flat: —
Duration: —
Max annual: — (taxpayer)
Max total: — (taxpayer)
Carryforward: 15 years

Program metadata

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

Hard requirements (0)

None.

Preference / tiering rules (0)

None.

NAICS industries (0)

Any.

Geo zones (1)

statewide — · Statewide

Tags (2)

a03_pending: true
a03_blocker_reason: Component-level refundability (optional refund for new businesses on unused portion; alternative is 15-yr carryforward)

Tax bases

corporate_income_taxprimary
personal_income_tax

Source

https://www.tax.ny.gov/bus/business-incentives.htm

NY Tax Law Articles 9-A and 22

Last verified: 2026-04-19