New York

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**The New York R&D Tax Credit expired in December 2015, but they do offer an Investment Tax Credit, which is a business tax credit on purchases of buildings, machinery or equipment used to produce goods by manufacturing, processing assembling and other activities.

What are the Criteria for the Investment Tax Credit?

Qualified property for the ITC is tangible property, including buildings and structural components of buildings, that is:

  1. Depreciable pursuant to IRC § 167;
  2. Acquired by purchase (which includes self-constructed assets);
  3. Principally used by the taxpayer in the production of goods by manufacturing, processing, assembling, refining, mining, extracting, farming, agriculture, horticulture, floriculture, viticulture or commercial fishing;
  4. Has a situs in New York; and
  5. Has a useful life of four years or more.

Click here to find out if you qualify for the federal research credit.

Contact Us

Contact your local Swanson Reed office to speak with a representative in your area today. 

Swanson Reed

700 Lavaca Street
Suite 1400
Austin, TX 78701

T: 512-333-2076
F: 512-256-8157

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Swanson Reed

3839 McKinney Avenue
Suite 155-2013
Dallas, TX 75204

T: 469-522-3369
F: 512-256-8157

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Swanson Reed

5161 San Felipe Street
Suite 320-1005
Houston, TX 77056

T: 281-899-0056
F: 512-256-8157

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Why Swanson Reed

We provide full, hands-on support from start to finish.

Are You Eligible?

Take our eligibility wizard to find out if you qualify for a tax credit.

Calculate Your Benefit

Use our quick calculator to determine your R&D tax credit benefit.

Know Your Deadline

Never miss a deadline again with our R&D Tax Credit filing deadline calculator.

For Accountants

Take advantage of our extensive database of videos, case law and recent news.

Industry Case Studies

Find out the qualifying R&D activities specific to your industry.
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