NY Capital Costs – Tax Credit Application

New York Capital Costs Tax Credit Application Period Is Now Open.

New York Governor Kathy Hochul has announced the application period for the COVID-19 Capital Costs Tax Credit Program is now open. The program provides tax credits for eligible taxpayers of up to 50% of eligible COVID-19-related expenses incurred in 2021 through 2022. Eligible expenses include:

  • Supplies to disinfect or protect against COVID-19 transmission
  • Costs associated with expanding, or defining space to accommodate social distancing
  • HVAC equipment
  • Expenses related to increased outdoor activity and outdoor space expansions
  • Machinery and equipment to facilitate contactless sales
Applications are being accepted through March 2023, with credits issued on a first come first serve basis until the funds for the program are depleted. Use the Screening Tool link to become certified for the program.

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