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START-UP NY Telecommunication Services Excise Tax Credit

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

  • is approved by Empire State Development to participate in the START-UP NY program and received a Form DTF-74, Certificate of Eligibility, from your campus sponsor;
  • operates in a tax-free New York area;
  • creates and maintains net new jobs; and
  • meets the annual employment test.

How much is the credit?

  • The credit is equal to the amount of excise tax paid by the approved business on telecommunication services imposed under Tax Law Article 9, section 186-e for services rendered within the tax-free New York area to the extent not deducted in computing taxable income.
  • The excise tax must be passed through to the approved business on a separately stated bill from the telecommunication services provider.

Eligible taxpayers may claim the credit for ten consecutive tax years beginning with the tax year during which the business locates in a tax-free New York area.

For additional information, see:

  • Form CT-640, START-UP NY Telecommunication Services Excise Tax Credit, and its instructions, Form CT-640-I (for corporations); or
  • Form IT-640, START-UP NY Telecommunication Services Excise Tax Credit, and its instructions, Form IT-640-I (for all others).
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