Excelsior jobs program tax credit

Who is eligible? 

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

• is an approved participant in the Excelsior Jobs Program; and
• received a certificate of tax credit from Empire State Development (ESD).

For more information about the Excelsior Jobs Program application and approval process, visit Empire State Development: Excelsior Jobs Program.

How much is the credit?

The credit is equal to the sum of five components:

• excelsior jobs tax credit (including Green CHIPS projects),
• excelsior investment tax credit,
• excelsior research and development tax credit, 
• excelsior real property tax credit, and
• excelsior child care services tax credit.

Additional information

• Form CT-607, Claim for Excelsior Jobs Program Tax Credit, and its instructions (for corporations)
• Form IT-607, Claim for Excelsior Jobs Program Tax Credit, and its instructions (for all others)

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