NY S02489

Expands the commercial security tax credit program to include restaurants alongside retail businesses as "qualified businesses" eligible for the credit

Qualified businesses must have 50 or fewer employees and operate physical locations open to the public in New York State

Eligible theft prevention expenses include security officers, cameras, perimeter lighting, locking/hardening measures, alarm systems, access control systems, and other anti-theft devices

Tax credit of $3,000 available per retail or restaurant location for businesses meeting expense thresholds of $4,000+ (for businesses with 25 or fewer employees) or $6,000+ (for businesses with more than 25 employees)

Applies to taxable years beginning on or after January 1, 2025