Home >> News >> COVID-19 Capital Costs Tax Credit Program EXTENDED to September 30, 2023

COVID-19 Capital Costs Tax Credit Program EXTENDED to September 30, 2023

The $250 million COVID-19 Capital Costs Tax Credit Program provides financial assistance to New York State small businesses burdened with a range of operational costs stemming from the COVID-19 pandemic, from structural changes and building upgrades to health-related supplies and materials.  The Program offers qualifying businesses relief from the added economic burden by providing tax credits to help reduce the pandemic-related financial impact.   

Small businesses can receive a tax credit of 50% of qualifying expenses up to a maximum of $25,000 in tax credits based on qualifying expenses of $50,000. 

The Program has extended the deadline to submit an application to September 30, 2023!

For additional details about the program visit Empire State Development