Tax
Reduction Credit
The tax reduction credit is applied against business related NYS income tax,
based on the businesses structure. This credit can reduce tax to fixed
dollar minimum (A General Business Corp Article 9A can reduce tax to $0 if
100 percent in the Zone)
Tax
Reduction Credit
Tax Factor X Zone Allocation Factor
X Employment Increase Factor
Credits cannot be carried forward or refunded.
Please refer to TSB-M-01 for further information.