STATE:

Why NFIB

Take Action

Get Support

Stay Informed

Podcast Podcast

Careers Careers

Join Now

Home / News /

New York State Opens Application Process for Small Business COVID-19 Capital Costs Tax Credit Program

October 31, 2022 Last Edit: June 5, 2025

New York State Opens Application Process for Small Business COVID-19 Capital Costs Tax Credit Program

New York State has opened the application process for the $250 million COVID-19 Capital Costs Tax Credit Program. This is a refundable tax relief program designed to support small businesses who have incurred costs in response to COVID-19 during 2021 and 2022. The tax credits will cover 50 percent of eligible costs, with a maximum credit of $25,000, and will be awarded on a first come first served basis until the program funds are exhausted. Eligible COVID-19-related expenses include disinfecting supplies, costs to expand or define space for social distancing, HVAC equipment, expenses to expand outdoor space, equipment related to contactless sales, and other COVID-related capital expenses. To qualify, businesses must operate in a location in New York State, have 100 or fewer employees, $2.5 million or less of gross receipts in the 2021 tax year, and at least $2,000 in eligible costs between January 1, 2021, and December 31, 2022. Applications will be accepted through March 31, 2023, and eligible businesses must apply through Empire State Development (ESD). Small businesses that may be eligible are required to fill out the eligibility screening tool. After completing the prescreening process, you will be emailed a link to the application if your business qualifies. To learn more about eligibility please visit www.esd.ny.gov/covid-19-capital-costs-tax-credit.

Topics:

Taxes

State:

New York

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Learn More

A Doctor and a patient sitting down at a hospotail and looking over some medical charts at the office.

May 8, 2026

Mystery Health Insurance Tax Is Wrong For New Hampshire

Senate Bill 498 creates a new tax on health insurance coverage.

May 8, 2026

NFIB Urges Congressional Leaders to Include Small Business Priorities in Additional Reconciliation Bill

New package should further unleash small business success with targeted tax, regulatory, and healthcare reforms

May 6, 2026

Bill to Eliminate Credit Card Swipe Fees on Sales Tax Heads to Governor’s Desk

Colorado’s small business community thanks the General Assembly for advancing swipe fee reform.

May 6, 2026

NFIB Celebrates the 20% Small Business Tax Deduction Being Made Permanent, Supports Increasing it to 23%

Making the Small Business Tax Deduction permanent was a huge win for small businesses and provides tax certainty. Now, NFIB is pushing to expand the tax deduct…

New York State Opens Application Process for Small Business COVID-19 Capital Costs Tax Credit Program

Related Articles