Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

State: 
New York
Reporting Jurisdiction: 
New York
Jurisdiction type
State
Fiscal year ending In: 
2020
Program name: 
Excelsior Jobs Program and Empire State Job Retention Program Credit
Program purpose
Business attraction/retention
Statutory authority
State tax law: Article 22, Section 606(qq) and Section 606(tt) Article 9-A, Section 210-B(31) and Section 210-B(37) Article 33, Section 1511(y) and Section 1511(bb)
Abating jurisdiction(s)
State of New York
Applicable taxes: 
Personal Income Tax; Corporate Franchise Tax; Bank and Insurance Taxes
Method of abatement
Tax credit
Provisions for recapture
(no provisions for recapture)
Gross revenue loss
$168,000,000
Reimbursement / offset
$0
Net revenue loss
$168,000,000
Type of loss
Active
Additional notes on dislosure: 
(none)