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Commonly Overlooked State Tax Credits and Incentives: R&D, Investment, Jobs Tax Credits, and More

Excelsior Programs, CA Competes, NY Qualified Emerging Tax Credit, NYC Musical Tax Credit

Note: CLE credit is not offered on this program

Recording of a 110-minute CPE webinar with Q&A

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Conducted on Thursday, April 28, 2022

Recorded event now available

or call 1-800-926-7926

This course will highlight opportunities for companies to increase their bottom line by taking advantage of state tax credits and incentives that are often overlooked. Specific credits and eligibility requirements for these credits in California, New York, and other states will be discussed.


Many state tax credits and incentives mirror federal equivalents. More than 30 states offer a research and development tax credit. Generally, the state rules for the credit mirror the federal guidelines, however, some states differ. California, for example, defines gross receipts differently and does not include revenue from software, SAAS activity, service and certain other income. Many businesses are not taking advantage of this readily available, lucrative credit. Furthermore, many companies who would be considering amended R&D credit return claims are struggling to meet the rigorous federal guidelines recently released in Field Attorney Advice (FAA) memo 20214101F.

One commonly offered state credit is the investment tax credit. In New York, the list of eligible property includes R&D property and property used by the taxpayer to produce goods. Taxpayers can often take the credit for purchases they were willingly making anyway. State tax advisers need to be aware of the most common state credits and incentives to help increase cash flow for businesses.

Listen as our panel of SALT experts describes the business activities that most often generate state tax credits, general eligibility requirements, and the steps to claim these credits in specific states.



  1. State credits and incentives
  2. Research and credit
    1. Federal credit and recent changes
    2. R&D credit in specific states
      1. California
      2. Other States
  3. Investment tax credits
  4. Manufacturer property tax credits
  5. Job tax credits
  6. COVID programs for targeted industries
  7. Training credits
  8. Many other common credits and incentives


The panel will review these and other critical issues:

  • Qualifying for the R&D tax credit in CA and other states
  • Utilizing NY tax incentives including Excelsior Program, QETC, ITC, and others
  • Training and job tax credits
  • Manufacturer tax credits available in NY and other states
  • Which business activities generally produce state tax credits


Halpern, Barry
Barry Halpern, CPA


Mr. Halpern is a tax & business services partner at Marcum LLP’s New York City office. He helps clients...  |  Read More

Leaheey, Mark
Mark B. Leaheey, CPA

Mr. Leaheey, CPA, CGMA, MSA, is a Director in the R&D tax credit practice at Marcum LLP in Chicago. He has more...  |  Read More

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