NYtax_creditpct_of_investmentrefundable

QETC Employment Credit

NY-QETC-EMP · New York

Summary

Refundable credit for wages paid to employees of Qualified Emerging Technology Companies (QETCs).

Benefit

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

Program metadata

Distribution
taxpayer_earned
Claimant subject
business
Refund/transfer election
refundable_only
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)

  • company_classification: qetc
  • source_ref: NY Tax Law § 3102-e

Tax bases

  • personal_income_taxprimary
  • corporate_income_tax

Source

https://www.tax.ny.gov/bus/business-incentives.htm
NY Tax Law Section 25(l)
Last verified: 2026-04-19