New York · Jobs / Investment · NY-EIC-001
Employment Incentive Credit
Publication revised September 24, 2026. Sourcebook page 201.
Credit amount / calculation
Additional credit tied to investment tax credit property and employment growth.
Business fit and eligible activity
Businesses that qualify for investment tax credit and increase employment training; where the program also requires investment, satisfy both tests. may earn an additional multi-year credit. Hiring, wages or qualifying
Eligibility and practical use
For a mill owner, the practical question is what property the statute treats as qualified investment. Production machinery is usually the first place to look; buildings, electrical work, software, mobile equipment, and used machinery require closer reading. Logging equipment deserves a separate eligibility check because mobile harvesting property may be treated differently from machinery used at a manufacturing site.
Illustrative business benefit
Use-of-credit illustration, not an estimated award: assume the agency or completed tax form establishes a $1,000 credit for the qualifying activity described above. If sufficient eligible tax is due, a $1,000 credit available for current use reduces that tax by $1,000. If annual limits allow only $600, that is this year's saving; the other $400 survives only if the carryforward or transfer rules permit. Obtain the actual program calculation before estimating a project benefit.
Timing / first action
Tax-year claim: document the eligible expense, hire or placed-in-service date and meet any separate certification deadline. Get a written answer on which property is qualified - especially buildings, installation, software, used equipment, vehicles, and mobile machinery.
Official sources
- tax.ny.gov — Employment incentive credit (EIC) (tax.ny.gov)
Related programs
Brownfield Redevelopment Tax Credit
Multiple credit components based on qualified cleanup
Certified brownfield projects can receive substantial site-preparation and tangible- property credits.
Excelsior Jobs Program Credits
Multiple refundable components under an Empire State
Large/strategic manufacturing expansions can receive refundable credits for jobs, investment and research and development.
Investment Tax Credit
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Broad statutory credit for manufacturers investing in qualifying New York depreciable property.
Clean Electricity Investment Credit (Internal Revenue Code §48E)
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Potentially relevant when a forest-products facility owns qualifying zero-emission generation or energy-storage property.
Clean Electricity Production Credit (Internal Revenue Code §45Y)
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Credit for Increasing Research Activities (Internal Revenue Code §41)
Regular research-credit method
A sawmill, secondary manufacturer or biomass business can qualify when it performs genuine technological experimentation to improve a product or process.