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Excelsior Jobs Program Credit Report - Calendar Year 2013

Chapter 59 of the Laws of 2010 requires the Tax Department to produce an Excelsior Jobs Program Credit Report1 by June 30th of each year. Information in the report is based on the information filed with the Department during the previous calendar year, to the extent that it is practicable to use the information. The mandate requires the Department to include the name of each taxpayer claiming the Excelsior tax credit, the amount of each credit component earned by the taxpayer, and any other information received regarding the credit which the commissioner deems useful in evaluating the use of the credit. The components of the credit are the jobs tax credit, the investment tax credit, the research and development tax credit, and the real property tax credit.

In instances where the credit is earned by a pass-through entity such as a limited liability company (LLC), a partnership, or an S corporation, information will only be reported for the entity. Names of individual members of the LLC, partners, or S corp shareholders will not be reported. Because the credit is fully refundable, the amount of credit earned is equal to the impact on the state financial plan.
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1 Section 31(e) of the Tax Law

Calendar Year 2013 report (xls) REVISED 7/2015

Calendar Year 2013 report (pdf) REVISED 7/2015

Updated: