Excelsior jobs program tax credit
Who is eligible?
You are entitled to this refundable credit if you or your business:
- is an approved participant in the Excelsior Jobs Program; and
- received a certificate of tax credit from Empire State Development (ESD).
For more information about the Excelsior Jobs Program application and approval process, visit Empire State Development: Excelsior Jobs Program.
How much is the credit?
The credit is equal to the sum of five components:
- excelsior jobs tax credit (including Green CHIPS projects),
- excelsior investment tax credit,
- excelsior research and development tax credit,
- excelsior real property tax credit, and
- excelsior child care services tax credit.
Additional information
- Form CT-607, Claim for Excelsior Jobs Program Tax Credit, and its instructions (for corporations)
- Form IT-607, Claim for Excelsior Jobs Program Tax Credit, and its instructions (for all others)
To learn about other New York State tax credits available to businesses, see Business incentives.
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