COVID-19 Capital Costs Tax Credit Program

Governor Kathy Hochul announced applications are now being accepted from small businesses that have successfully completed the pre-screening process to become certified for the COVID-19 Capital Costs Tax Credit Program, which supports companies that made investments to comply with emergency orders and regulations or to increase public safety in response to COVID-19.

Eligible COVID-19-related costs include, but are not limited to:

• Supplies to disinfect or protect against COVID-19 transmission
• Costs associated with expanding, or defining space to accommodate social distancing
• HVAC equipment
• Expenses related to increased outdoor activity and outdoor space expansions
• Machinery and equipment to facilitate contactless sales

Tax credits will cover 50 percent of eligible costs, up to a $50,000, for a maximum tax credit award of $25,000. More information is available from Empire State Development at www.esd.ny.gov/covid-19-capital-costs-tax-credit.