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NY
Qualified Emerging Technology Company (QETC) Employment Credit
Refundable state income tax credit of approximately $1,000 per new full-time employee for qualified emerging technology companies that grow their NY employment.
About this program
Visit the program website for full details.
Eligibility
Companies located in New York State with total annual product sales of $10 million or less. Must have primary products or services classified as emerging technologies, or have R&D expenditures equal to or exceeding the National Science Foundation average ratio for all surveyed companies. Must increase NY employment by at least 1% over the prior year.
Requirements
- Located in New York State
- Total annual product sales of $10 million or less
- Primary products or services are classified as emerging technologies OR R&D-to-net-sales ratio meets NSF threshold