Accelerated Sales Tax Exemption Program (ASTEP)

Emergency Preparedness

Business Preparedness and Resiliency Program

View information from the organizations that support businesses in preparing their employees, services, and facilities for emergencies.

Insurance and Emergency Assistance

Find ways to ensure your business is financially prepared in case of an emergency.

Emergency Preparedness Resources

Find tools that can help you create a plan to ensure that your business is ready for anything.

Regulations

Regulations Index

A complete index of all the licenses, permits, and other regulations that may be required to do business in New York City.

View More →

Tools

Step-by-Step Wizard

Use this tool to see your personalized list of City, State, and Federal licenses and permits needed to run your business.

View More →

Incentives Estimator

Use this tool to see your customized list of City, State, and Federal incentives and tax credits that your business may qualify for.

View More →

Emergency Preparedness Self-Assessment Tool

Use this tool to understand risks and get tailored recommendations to improve your emergency preparedness.

View More →

Search My Transactions

Check the status of your business's applications and violations.

View More →

About

Other Various Agencies / Organizations

The Accelerated Sales Tax Exemption Program (ASTEP) helps businesses buy equipment or make renovations. This help is in the form of tax exemptions. The New York City Industrial Development Agency (NYCIDA) manages ASTEP.

Businesses must meet the following requirements:

Less than $10 million in annual revenue;
Be located in a "highly distressed area"; and
Not have received other benefits from the NYCIDA for the past five years at the same project location.

The exemption is available for the following projects:

New equipment or renovations for industrial businesses;
New equipment or renovations for non-retail commercial businesses; or
Food retail businesses that are buying equipment and/or renovating to make space for fresh or healthy food.

The benefit is a sales tax exemption of up to $100,000.

Additional resources

Accelerated Sales Tax Exemption Program (ASTEP) Information

NYC Industrial Development Agency (NYCIDA)

Address
110 William Street, 5th Floor

New York NY 10038

Email nycida@nycedc.com

Accelerated Sales Tax Exemption Program (ASTEP)

About

Additional resources

NYC Industrial Development Agency (NYCIDA)

Learn which permits, licenses and regulations matter to you