What can the Empire Zone program do for your business?

FORMS, INSTRUCTIONS, PUBLICATIONS

 

-Basic Benefits—

 

The program is based on a set of tax credits, exemptions and refunds for qualified investments in physical facility, production equipment, new jobs, increased energy usage and other factors. Companies planning investments in one or more of these areas may realize substantial benefits. Companies planning little or no investment may not realize as much benefit.

 

We recommend that you speak directly with a qualified professional—including our Zone staff—for a thorough analysis based on your individual circumstances. We are often able to find scenarios that companies themselves overlook. Zone staff can also assist you identify properties in the Zone, and guide you through the certification process.

 

The Empire Zone program is a very important tool in leveraging investment, but it is one of several tools that we use. We work closely with our partners in other economic development agencies to deliver ALL the resources you need for a successful project, including loan funds, training, export, infrastructure, and streamlined permit processing.

 

If you would like to learn more about the program and, perhaps, browse through the actual forms, instructions and publications used by Zone companies to access program benefits, we provide the following online resources.

Capital Tax Credit

Instructions

Form CT 602

Investment Tax Credits

Instructions

Form CT 603

Property Tax Abatements

Instructions (485-e)

Form 485-e (*)

Wage Tax Credits

Summary

Form DTF 601 (*)

Instructions

 

Utility Incentives

Electricity: information

Natural Gas:  information and application (*)

State Tax and Finance

Frequently Asked Tax Questions

Enhanced incentives for qualified companies