Applications Now Being Accepted: Small Businesses with 100 or Fewer Employees May Receive Tax Credits for Costs Incurred to Increase COVID-19 Safety

October 27, 2022

In June we shared information on a $250 million COVID-19 Capital Costs Tax Credit Program to support small businesses that made investments to comply with emergency orders and regulations or to increase public safety in response to COVID-19.

Tax credits will cover 50 percent of eligible costs, up to $50,000, for a maximum tax credit award of $25,000, and credits will be awarded on a first come first serve basis until program funds are depleted.

Applications are now being accepted from small businesses that have successfully completed the pre-screening process.  Applications will be accepted through March 31, 2023.

To learn more or to begin the pre-screening process click here for Governor Hochul’s release.

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