COVID-19 capital costs tax credit program (Articles 9-A and 22)

A business that incurs qualified COVID-19 capital costs in New York State from January 1, 2021 through December 31, 2022 may be eligible for the Capital Costs Tax Credit Program. The Department of Economic Development will issue a certificate to a business entity that has applied for and meets all applicable eligibility criteria. The tax credit will be the amount specified on the certificate.

For more information, see COVID-19 capital costs credit .

[Part E of Chapter 59 of the Laws of 2022; Tax Law §§ 47, 210-B(58) and 606(nnn); Economic Development Law, Article 26]