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Tax CreditNew YorkActiveVerified

New York START-UP NY Tax-Free Program

Empire State Development (ESD)NY-STARTUPRefreshed 1 month ago
Do I qualify?
Max funding

Varies

Amount varies

Type

Tax Credit

Reduces tax liability

Deadline

Rolling

No fixed cutoff

Timing

Annual tax return

Claim with year-end filing

Complexity

Moderate

File with tax return

About This Program

10-year complete New York State tax exemption for startups and expanding businesses that locate in tax-free zones on or near participating SUNY, CUNY, and private college campuses. Covers all NY state and local taxes — income, sales, property — for qualifying businesses and their employees.

Key Requirements & Eligibility

  • 1Business must locate in a designated START-UP NY zone on a university campus
  • 2Must partner with the host university (research collaboration, internship, licensing)
  • 3Qualifying industry: manufacturing, software, life sciences, research, high-tech
  • 410-year full exemption: no state income tax, sales tax, or property tax for business or employees
  • 5Minimum 1 FTE hire per year; annual reporting required

Do I qualify?

Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Business must locate in a designated START-UP NY zone on a university campus

2.Must partner with the host university (research collaboration, internship, licensing)

3.Qualifying industry: manufacturing, software, life sciences, research, high-tech

4.10-year full exemption: no state income tax, sales tax, or property tax for business or employees

5.Minimum 1 FTE hire per year; annual reporting required

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Official Source