If you are buying new machinery and equipment, or upgrading your back office or industrial operations, you may be eligible for the following programs:

Empire Zone Tax Credits
Empowerment Zone Benefits
Film Tax Credit
Flexible Technical Assistance Program (FlexTech)
Industrial Effectiveness Program (IEP)
Manufacturing Assistance Program (MAP)
New Construction Program
New York Liberty Bond Program
New York State Energy Research and Development Authority
New York State Green Building Tax Credit
New York State Investment Tax Credit
North Brooklyn Energy Grant Program
Qualified Emerging Technology Company Tax Credits
Sales Tax Exemption for Manufacturers

Empire Zone Credit for Real Property Tax
What it is: Refundable tax credit based on real property taxes for Qualified Empire Zone Enterprises (QEZE)
When to apply: Annually for 10 years
Who is eligible: Qualified Empire Zone Enterprises (QEZE)
Which agency: New York State Dept. of Taxation and Finance
To apply: Contact your local Empire Zone Coordinator

Empire Zone Sales Tax Refund/Credit
What it is: Refund or credit of New York State sales taxes on building materials for Empire Zone businesses; additional sales tax benefits available for Qualified Empire Zone Enterprises (QEZE)
When to apply: At time of purchase of building material
Who is eligible: Businesses within Empire Zone
Which agency: New York State Dept. of Taxation and Finance
To apply: Contact your local Empire Zone Coordinator

Empowerment Zone Benefits
What it is: Package of tax credits, accelerated depreciation, wage tax credit and various loan and work opportunity programs for businesses located within the zone
When to apply: Generally within tax year
Who is eligible: Retail, commercial and industrial businesses located in zone
Which agency: Upper Manhattan Empowerment Zone (UMEZ) or Bronx Overall Economic Development Corporation (BOEDC)
For additional information: If you are located in Upper Manhattan, please contact the Upper Manhattan Empowerment Zone Office
If you are located in the Bronx, please contact Bronx Overall Economic Development Corporation

Empowerment Zone Facilities Bond Program
What it is: Triple tax-exempt bonds issued for businesses planning major capital investments within the Empowerment Zone
When to apply: Prior to making purchase
Who is eligible: Qualified New York City businesses within Zone
Which agency: New York City Economic Development Corporation (EDC)
For additional information: If you are located in Upper Manhattan, please contact the Upper Manhattan Empowerment Zone Office
If you are located in the Bronx, please contact Bronx Overall Economic Development Corporation

Film Tax Credit
What it is: A New York State 10% refundable tax credit and a New York City 5% refundable tax credit on production costs for quality feature films, episodic television, pilots, and television movies/miniseries
When to apply: Applications must be submitted prior to the start of principal and ongoing photography, but not more than 180 days prior to the start of principal and ongoing photography
Who is eligible: Productions that complete at least 75% of their stage work on a qualified stage in New York City or an eligible combination of stage and location work
Which agency: The Mayor’s Office of Film, Theatre and Broadcasting
To apply

Industrial Effectiveness Program (IEP)
What it is: Grants up to $50,000 to small and medium sized manufacturers for productivity improvement projects
When to apply: Prior to initiating project
Who is eligible: Qualified manufacturers
Which agency: Empire State Development Corporation
To apply: Contact Isaac Joseph Elliston, (212) 803-2317

Manufacturing Assistance Program (MAP)
What it is: Grants up to $1 million to manufacturers employing 50-1,000 people, exporting 30% of production out of the region and investing $1 million in eligible project
When to apply: Prior to initiating project
Who is eligible: Qualified manufacturers
Which agency: Empire State Development Corporation
To apply: Contact Joseph Tazewell, (212) 803-2317

The New Construction Program (NCP)
What it is: A New York State sponsored program which promotes the energy-efficiency measures into the design, construction, and operation of new and renovated buildings
When to apply: Applications accepted through March 31, 2008
Who is eligible: Certified Customers of Con Edison of New York
Which agency: New York State Energy Research and Development Authority (NYSERDA)

New York Liberty Bond Program
What it is: Tax-exempt private bonds available for large capital projects
When to apply: Prior to initiating project
Who is eligible: Approved commercial construction/renovation projects
Which agency: New York City Economic Development Corporation (EDC)
To apply

New York State Green Building Tax Credit
What it is: A New York State tax credit available to owners and tenants of eligible buildings and tenant spaces which meet certain "green" standards that increase energy efficiency, improve indoor air quality, and reduce the environmental impacts of large commercial and residential buildings in New York State
When to apply: Within the tax year of investment
Who is eligible: All Building Property Owners and tenants making qualified “green investments” into the property
Which agency: New York State Department of Environmental Conservation (DEC)
To apply: Instructions and Form

New York State Investment Tax Credit
What it is: Business tax credit on qualified purchases of machinery, equipment and an additional employment credit for creating new jobs
When to apply: Generally within tax year of investment and subsequent three years for new jobs added
Who is eligible: Generally industrial and select commercial and financial service businesses
Which agency: New York State Dept. of Taxation and Finance
To apply: Instructions and Form

Qualified Emerging Technology Company (QETC) Capital Tax Credit
What it is: A New York State capital tax credit designed to encourage investment in emerging technology companies
When to apply: The tax year of the qualified investment made in a New York State certified Qualified Emerging Technology company
Who is eligible: A New York State taxpayer that makes a qualified investment in a New York State certified qualified emerging technology company
Which agency: New York State Department of Taxation and Finance
To apply: Instructions and Form
To be QETC Certified: Instructions and Form

Qualified Emerging Technology Company (QETC) for Facilities, Operations, and Training Credit
What it is: A New York State tax credit to qualified emerging technology companies, up to $250,000 annually for at least four (4) years, for research and development, qualified research expenses, and high technology training
When to apply: Generally claimed for the tax year when the eligible expenses were incurred. The benefits can be claimed for four (4) consecutive years (five years if relocating from an academic incubator facility) and is fully refundable
Who is eligible: A qualified technology company subject to tax under Article 9-A or Article 22, have 100 full-time employees or less, with at least 75% employed in New York State, have ratio of research and development funds to net sales which equals or exceeds 6%, and have gross revenues less than $20 million for the preceding year
Which agency: New York State Department of Taxation and Finance
To apply: Instructions and Form
Related Links: BioNY/QETC; NYSTAR Tax Incentives

Sales Tax Exemption for Manufacturers
What it is: City and state sales tax credit on energy used in production
When to apply: During year energy used and retroactive for three years, must have a valid Certificate of Authority (DTF-17), required to file form ST-121. To reclaim exemptions on sales taxes paid for three years use form AU-11
Who is eligible: Manufacturing and industrial businesses
Which agency: New York State Department Taxation and Finance
To apply: DTF-17 Instructions, DTF-17 Form, ST-121 Form, and AU-11 Form