Do Business in New York State Tax-free?
It’s possible. Your business could qualify to become tax-free if it expands in, or relocates to, an Empire Zone (Economic Development Zones). New York State’s Empire Zones (EZs) are designated areas throughout the State that offer special incentives to encourage economic development, business investment and job creation. Certified businesses located within a designated zone are eligible to receive significant tax credits and benefits. EZs are comprised of abundant vacant land, existing prime industrial and commercial buildings, skilled workers, ample power and water resources. Zone Incentives Qualified Empire Zone Enterprises (QEZEs) are eligible for sales tax exemption, real property and business tax credits for businesses locating and expanding in such zones. The purpose of the Empire Zones Program is to give companies increasing their employment the opportunity to operate on an almost “tax-free” basis for up to 10 years in designated areas of the State, with additional savings avail
