QETC capital tax credit
Who is eligible?
You are entitled to this nonrefundable credit if you or your business:
- made a qualified investment in a certified qualified emerging technology company (QETC)
How much is the credit?
- 10% of qualified investments in certified QETCs, if you or your business certifies to the Commissioner of Taxation and Finance at the time the credit is claimed that the qualified investment will not be sold, transferred, traded, or disposed of within four years from the close of the tax year in which the QETC capital tax credit is first claimed, and
- 20% of qualified investments in certified QETCs, if you or your business certifies to the Commissioner of Taxation and Finance at the time the credit is claimed that the qualified investment will not be sold, transferred, traded, or disposed of within nine years from the close of the tax year in which the QETC capital tax credit is first claimed.
Additional information
- Form DTF-622, Claim for QETC Capital Tax Credit and its instructions
- QETC employment credit
To learn about other New York State tax credits available to businesses, see Business incentives.
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