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Business Tax Benefits

The city of New York offers various benefits to commercial and not-for-profit organizations.

NYC Biotechnology Tax Credit 

The NYC Biotechnology Tax Credit is designed to support investors and owners of qualified biotechnology companies.

Clean Energy Systems Exemption 

A property tax exemption for solar, wind and other systems

Green Roof Tax Abatement 

A one-time property tax abatement for properties with green roofs

Lower Manhattan Relocation and Employment Assistance Program for Eligible Businesses (LMREAP-EB) 

Business income tax credits for businesses relocating to lower Manhattan

Lower Manhattan Relocation and Employment Assistance Program for Special Eligible Businesses (LMREAP-SEB) 

Business income tax credits for businesses not eligible for LMREAP-EB

Payment in Lieu of Taxes (PILOT) Agreements 

Incentives for manufacturing, industrial, and not-for-profit organizations

Relocation and Employment Assistance Program (REAP) 

Business income tax credits for companies relocating jobs to NYC

Solar Electric Generating System (SEGS) Tax Abatement 

A property tax abatement for properties that use solar power

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