Summary
Ten-year full exemption from corporate franchise tax, personal income tax (on site-earned wages), state and local sales and use tax, real property tax (via IDA mechanisms), and MCTMT for businesses operating in state-designated tax-free zones, typically in economically-challenged regions.
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
- —
Hard requirements (1)
- zone_typeBusiness must operate in a state-designated START-UP NY tax-free zone (zone_type=performance_designation; state-specific label in incentive_geo_zones)
Preference / tiering rules (0)
None.
NAICS industries (0)
Any.
Geo zones (2)
- performance_designation — · START-UP NY tax-free zones (state-designated: Finger Lakes, Southern Tier, Buffalo, Rochester, etc.)
- performance_designation — · Designated tax-free zones
Tags (0)
None.
Tax bases
- corporate_income_taxprimary
- personal_income_tax
- sales_use_tax_state
- sales_use_tax_local
- property_tax_local
Source
New York Economic Development Law Article 18-C; NY Tax Law Articles 9-A, 22, 28, 28-A
Last verified: 2026-04-19