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Employment incentive credit (EIC)

You're entitled to credit if you or your business:

  • qualified for the investment tax credit, and
  • have increased your average number of employees in New York State to at least 101% of your number of employees in New York State during your base year

How much is the credit?      

  • A percentage of the original investment credit base on which the ITC was allowed.
  • The credit is refundable to individuals under Article 22, which includes shareholders of New York S corporations, who qualify as owners of a new business.

For additional information on claiming this credit, see:


Updated: January 26, 2012