Employment Incentive Credit (New York)

From Open Energy Information

Last modified on February 12, 2015.

EZFeed Policy

Place New York

Applies to States or Provinces New York
Name Employment Incentive Credit (New York)
Policy Category Financial Incentive
Policy Type Corporate Tax Incentive
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes
Implementing Sector State/Province

Program Administrator New York State Department of Taxation and Finance
Primary Website http://www.tax.ny.gov/pit/credits/employment_incentive_credit.htm

Last Review 2014-09-15


The Employment Incentive Credit is through the New York State Department of Taxation and Finance based on the same qualifying investment for the ITC. The credit is equal to 1.5% to 2.5% of investment based on increased employment over the year prior to investment. The unused credit may be carried forward for 15 years.

<metadesc> Employment Incentive Credit (New York): energy incentive program. </metadesc>

Policy Contact

Department The New York State Department of Taxation and Finance