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
Related programs
Brownfield Redevelopment Tax Credit
Multiple credit components based on qualified cleanup and tangible-property basis.
Multiple credit components based on qualified cleanup and tangible-property basis.
Excelsior Jobs Program Credits
Multiple refundable components under an Empire State Development agreement; advance...
Multiple refundable components under an Empire State Development agreement; advance acceptance is essential.
Investment Tax Credit
Credit percentage varies by taxpayer/investment amount; property generally must have a useful...
Credit percentage varies by taxpayer/investment amount; property generally must have a useful life of four years or more and be used in qualifying production.
Clean Electricity Investment Credit (Internal Revenue Code §48E)
Generally 6% base investment credit and up to 30% with prevailing-wage/apprenticeship...
Generally 6% base investment credit and up to 30% with prevailing-wage/apprenticeship compliance, plus possible statutory bonuses.
Clean Electricity Production Credit (Internal Revenue Code §45Y)
Production-based credit beginning at 0.3¢/kWh, with higher rates and bonuses when statutory...
Production-based credit beginning at 0.3¢/kWh, with higher rates and bonuses when statutory conditions are satisfied.
Credit for Increasing Research Activities (Internal Revenue Code §41)
Regular research-credit method or the alternative simplified method. The latter generally...
Regular research-credit method or the alternative simplified method.