Applications Open for New York State Retail Security Tax Credit! 

SoHo Broadway Partner:  Financial assistance is available for small businesses to assist in theft prevention measures

Your business might be eligible for New York State’s Retail Security Tax Credit! This is financial assistance for small retail businesses to assist with increasing security to prevent theft. You could be eligible for a $3,000 tax credit per retail location. 

Do you…. 

• Operate one or more retail stores? 
• Have 50 or fewer employees total? 
• Spend money on security measures to prevent theft?
  • $4,000 per location for businesses with 25 or fewer employees and
  • $6,000 per location for businesses with 26-50 employees 
• File tax returns in New York State? 

If you answered ‘yes’ to each question above, you are eligible for this tax credit! 

Eligible security expenses include but are not limited to: 

• Security guards 
• Security cameras 
• Locks 
• Alarm systems 
• Access control systems 
• Other anti-theft devices 

How do you receive this tax credit? 

• Submit an application to DCJS with documentation of eligible expenses Applications are open (TBC) and accepted on a rolling basis 
• If eligible, DCJS will provide you with a Certificate of Tax Credit 
• Attach the Certificate of Tax Credit to your tax return 
• Receive a $3,000 tax credit per retail location! 

For more information, scan the QR code below or visit: https://www.criminaljustice.ny.gov/nys%20cstc.html