Employment Incentive Credit (New York)
Last modified on February 12, 2015.
|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|
|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.
|Department|| The New York State Department of Taxation and Finance