NYtax_creditpct_of_investment

Life Sciences Research and Development

NY-LIFESCI-RD · New York

Summary

Credit for R&D expenditures in life sciences, pharmaceutical, and biotechnology sectors.

Benefit

Percentage: —
Flat: —
Duration: —
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: —

Hard requirements (0)

None.

Preference / tiering rules (0)

None.

NAICS industries (2)

325411 Pharmaceutical Preparation Manufacturing
325412 Pharmaceutical Active Ingredient Manufacturing

Geo zones (1)

statewide — · Statewide

Tags (0)

None.

Tax bases

personal_income_taxprimary
corporate_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