Businesses Could Be Eligible for Covid-Related Covid-19 Tax Credit

Small businesses in New York State with expenses related to the Covid-19 epidemic may be elgibile for a tax credit program.

The state has announced the opening of the initial intake tool to help small businesses determine whether they are eligible for the COVID-19 Capital Costs Tax Credit Program.

The $250 million COVID-19 program is designed to support small businesses that made investments to comply with emergency orders and regulations or to increase public safety in response to COVID-19. If businesses are then deemed eligible by the screening tool, a link to the application will be provided when the program application opens.

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