$250 Million COVID-19 Capital Costs
Tax Credit Program Announced

Earlier this week, Governor Kathy Hochul announced the opening of the initial intake tool to help small businesses determine their eligibility for the new COVID-19 Capital Costs Tax Credit Program.

This $250 million program will provide up to $25,000 in tax credits to small businesses that made investments to comply with emergency orders and regulations, or to increase public safety in response to COVID-19. 

The program is open to all small independently owned and operated businesses operating in New York State with 100 employees or less and gross receipts of less than $2.5 million.  In addition, a small business must have incurred at least $2,000 of qualifying expenses between January 1, 2021 and December 31, 2022.  CLICK HERE to access Governor Hocul’s press release.

Rockland County encourages all eligible small businesses to take advantage of this important opportunity today!