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Department of Taxation and Finance

QETC employment credit

You are entitled to this refundable credit if you or your business:

  • is a qualified emerging technology company (QETC), and
  • the average number of individuals employed full‑time by the business in New York State during the tax year is at least 101% of the business' base-year employment number

How much is the credit?

  • The amount of the credit is equal to the average number of full-time employees in New York State for the current tax year, minus the business' base‑year employment number, multiplied by $1,000.
  • The credit is available for three consecutive years.

For additional information on claiming this credit, see:

To learn about other New York State tax credits available to businesses, see Business incentives.