NYCDepartment of Finance311Search all NYC.gov websites
Menu
Official logo of the NYC Department of Finance
Language
Text-Size
Search
  • Home
  • Vehicles
  • Property
  • Business
  • Auctions
  • Courts
  • About
  • Payments
Business and Excise TaxesBusiness ResourcesBenefitsDoing Business with NYC
Share
Print icon Print

Business Tax Benefits

The city of New York offers various benefits to commercial and not-for-profit organizations.

NYC Biotechnology Tax Credit 

The NYC Biotechnology Tax Credit is designed to support investors and owners of qualified biotechnology companies.

Clean Energy Systems Exemption 

A property tax exemption for solar, wind and other systems

Green Roof Tax Abatement 

A one-time property tax abatement for properties with green roofs

Lower Manhattan Relocation and Employment Assistance Program for Eligible Businesses (LMREAP-EB) 

Business income tax credits for businesses relocating to lower Manhattan

Lower Manhattan Relocation and Employment Assistance Program for Special Eligible Businesses (LMREAP-SEB) 

Business income tax credits for businesses not eligible for LMREAP-EB

Payment in Lieu of Taxes (PILOT) Agreements 

Incentives for manufacturing, industrial, and not-for-profit organizations

Relocation and Employment Assistance Program (REAP) 

Business income tax credits for companies relocating jobs to NYC

Solar Electric Generating System (SEGS) Tax Abatement 

A property tax abatement for properties that use solar power

Need help?

Contact the Department of Finance for assistance.

 
Online - Send us an email 
 
In person - Schedule an appointment 
Directory of City Agencies Contact NYC Government City Employees Notify NYC CityStore Stay Connected NYC Mobile Apps Maps Resident Toolkit
NYC

City of New York. 2025 All Rights Reserved,

NYC is a trademark and service mark of the City of New York

Privacy Policy. Terms of Use. Learn more about NYC.gov Accessibility Commitment.