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The New York State Commercial Security Tax Credit offers refundable tax credits up to $3,000 per retail location for eligible businesses that invest in theft prevention measures.
Eligibility
NYS businesses that have 50 or fewer employees with eligible expenses that exceed:
- $4000 per location with fewer than 25 employees
- $6000 per location with 26-50 employees
Covered expenses include:
- Registered security guards
- Surveillance cameras
- Alarm systems
- Locks, gates, and structural reinforcements
- Exterior license plate reader
- Additional approved anti-theft devices
Document eligible expenses and submit application to Commercial Security Tax Credit Applicationby October 31st of each year to receive your Certificate of Tax Credit.
Claim the credit using Form CT-663 (corporate) or IT-663 (individuals/partnerships) and attach the certificate with your tax return.
Form CT-663, Commercial Security Credit, and its instructions (for corporations)
Form IT-663, Commercial Security Credit, and its instructions (for all others)
