Qualified Empire Zone Enterprize (QEZE) Benefits Tax Reduction Tax Credit Available to an EZ certified business that is also a QEZE and meets the annual Employment Test. The credit is applied agains business corporate tax, personal income tax, banking corporate tax, or insurance corporation tax. The credit is for 14 years -- the first 10 at 100%, decreasing 20% each year thereafter, starting from the date of certification. This credit may reduce the company's income tax liability to ZERO -- elimination the alternative minimum tax and the fixed dollar minimum. There is no carryforward or refund provision with this credit. For more information, call the NYS Department of Taxation and Finance QEZE Helpline at 1-888-372-0020 or go to:   NYS Department of Taxation & Finance   Tax forms and instructions   Other QEZE Benefits: Sales Tax Exemption Real Property Tax Credit