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NY
Manufacturer’s Real Property Tax Credit
Tax credit equal to 20% of eligible real property taxes paid on New York property principally used for manufacturing and related production activities.
About this program
Visit the program website for full details.
Eligibility
Qualified New York manufacturers subject to Article 9-A or Article 22 tax that pay real property taxes on property principally used for manufacturing, processing, assembling, refining, mining, agriculture, or similar activities.
Requirements
- Meet the qualified New York manufacturer definition for the tax year.
- Pay eligible real property taxes on qualifying production property.
- Claim the credit on the appropriate New York tax form and retain substantiation records.