Title COM, Economic Development Law

§ 359-g. Semiconductor research and development tax credit. 1. A participant in the semiconductor research and development project program shall be eligible to claim a credit on qualified investments in semiconductor research and development projects in New York state. The amoun…

§ 359-h. Reporting. The corporation, beginning February first, two thousand twenty-seven, and annually thereafter provided program funds remain, shall submit a report to the governor, the temporary president of the senate, and the speaker of the assembly. Such annual report shal…

§ 360. Division of science, technology and innovation. 1. Economic development efficiency. In order to promote economic development efficiency in the state of New York, the transfer of powers, functions and affairs of the New York state foundation for science, technology and inn…

§ 361. New York state empire artificial intelligence research program. 1. Definitions. Whenever used in this section: (a) "Division" shall mean the division of science, technology, and innovation within the department. (b) "Empire AI consortium" or "the consortium" shall be the …

* § 400. Definitions. For the purposes of this article: 1. "Benefit-cost ratio" means the following calculation: the numerator is the sum of (i) the value of all remuneration projected to be paid for all net new jobs during the period of participation in the program, and (ii) th…

* § 401. Eligibility criteria. 1. In order to be eligible for benefits in the economic transformation and facility redevelopment program, a participant must satisfy the following criteria: (a) must create and maintain at least five net new jobs in an economic transformation area…

* § 402. Application and approval process. 1. A business entity must submit a completed application as prescribed by the commissioner by the later of (a) the date that is three years after the date of the closure of the closed facility located in the economic transformation area…

* § 403. Powers and duties of the commissioner. 1. The commissioner shall promulgate regulations establishing an application process and eligibility criteria set forth in section four hundred one of this article which, notwithstanding any provisions to the contrary in the state …

* § 404. Reporting. The commissioner shall prepare on a quarterly basis a program report for posting on the department's website. The first report will be due June thirtieth, two thousand twelve, and every three months thereafter. Such report shall include, but not be limited to…

§ 410. Centers of excellence program. The centers of excellence program is hereby established for the purpose of fostering collaboration between the academic research community and the business sector to develop and commercialize new products and technologies, to promote critica…

§ 420. Short title. This article shall be known and may be cited as the "empire state jobs retention program."

§ 421. Statement of legislative findings and declaration. It is hereby found and declared that New York state needs, as a matter of public policy, to create competitive financial incentives to retain businesses, including small businesses and jobs that are at risk of leaving the…

§ 422. Definitions. For the purposes of this article: 1. "Certificate of eligibility" means the document issued by the department to an applicant that has completed an application to be admitted into the empire state jobs retention program and has been accepted into the program …

§ 423. Eligibility criteria. 1. For the purposes of this article, in order to participate in the empire state jobs retention program on or after June first, two thousand twenty-five, a business entity must demonstrate substantial physical damage and economic harm at a location o…

§ 424. Application and approval process. 1. A business entity must submit a completed application as prescribed by the commissioner. Such completed application must be submitted to the commissioner within one hundred eighty days of the declaration of an emergency by the governor…

§ 425. Empire state jobs retention program credit. 1. A participant in the empire state jobs retention program shall be eligible to claim a credit for the impacted jobs. For a business entity that employes three to forty-nine employees, the amount of such credit shall be equal t…

§ 426. Powers and duties of the commissioner. 1. The commissioner shall promulgate regulations establishing the type of application process and the eligibility criteria, that will be applied consistent with the purposes of this article, so as not to exceed thirty million dollars…

§ 427. Maintenance of records. Each participant shall keep all relevant records for the duration of its program participation plus three years.

§ 428. Reporting. 1. Each participant must submit a performance report annually, in such form as the commissioner may require, within thirty days of the end of their taxable year. 2. The commissioner shall prepare on a quarterly basis a program report for posting on the departme…

§ 429. Cap on tax credit. The total amount of tax credits listed on certificates of tax credit issued by the commissioner for any taxable year may not exceed the limitations set forth in section three hundred fifty-nine of this chapter, and shall be allotted from the funds avail…

§ 430. Short title. This article shall be known and may be cited as the "SUNY Tax-free Areas to Revitalize and Transform UPstate New York program," or the "START-UP NY program".

§ 431. Definitions. For purposes of this article: 1. "State university campus" shall mean any of the colleges and universities described in subdivision three of section three hundred fifty-two of the education law. 2. "Community college" means a college established and operated …

§ 432. Eligibility criteria for universities and colleges. 1. State university campuses, community colleges and city university campuses. (a) Subject to the limitations in paragraph (c) of this subdivision, the following will constitute the eligible land of a state university ca…

§ 433. Eligibility criteria for businesses. 1. In order to participate in the START-UP NY program, a business must satisfy all of the following criteria. (a) The mission and activities of the business must align with or further the academic mission of the campus, college or univ…

§ 434. Tax benefits. 1. A business that is accepted into the START-UP NY program and locates in a tax-free NY area or the owner of a business that is accepted into the START-UP NY program and locates in a tax-free NY area is eligible for the tax benefits specified in section thi…

§ 435. Approval of tax-free NY areas. 1. The president or chief executive officer of any state university campus, community college or city university campus seeking to sponsor a tax-free NY area and have some of its eligible land specified under subdivision one of section four …

§ 436. Businesses locating in tax-free NY areas. 1. A campus, university or college that has sponsored a tax-free NY area (including any strategic state asset affiliated with the campus, university or college) shall solicit and accept applications from businesses to locate in su…

§ 437. MWBE and prevailing wage requirements. 1. For prevailing wage and minority and women-owned business enterprises requirements applicable to tax-free NY areas on state university campuses, city university campuses and community colleges, see section three hundred sixty-one …

§ 439. Conflict of interest guidelines. 1. Each campus, university or college participating in the START-UP NY program shall adopt a conflict of interest policy. Such conflict of interest policy shall provide, as it relates to the START-UP NY program: (a) as a general principle,…

§ 440. Prohibition of anti-competitive behavior. A sponsoring campus, university or college shall not accept any application to locate in a tax-free NY area under subdivision one of section four hundred thirty-six of this article from a business that would compete with other bus…

* § 441. Definitions. As used in this article, the following terms shall have the following meanings: 1. "Approved provider" means an entity meeting such criteria as shall be established by the commissioner in rules and regulations promulgated pursuant to this article, that may …

* § 442. Eligibility criteria. In order to participate in the employee training incentive program, a business entity must satisfy the following criteria: 1. (a) The business entity must operate in the state predominantly in a strategic industry; (b) The business entity must demo…

* § 443. Application and approval process. 1. A business entity must submit a completed application in such form and with such information as prescribed by the commissioner. 2. As part of such application, each business entity must: (a) provide such documentation as the commissi…

* § 444. Powers and duties of the commissioner. 1. The commissioner shall, in consultation with the commissioner of labor, promulgate regulations consistent with the purposes of this article that, notwithstanding any provisions to the contrary in the state administrative procedu…

* § 445. Recordkeeping requirements. Each business entity participating in the employee training incentive program shall maintain all relevant records for the duration of its program participation plus three years. * NB Repealed December 31, 2028

* § 446. Cap on tax credit. The total amount of tax credits listed on certificates of tax credit issued by the commissioner for any taxable year may not exceed five million dollars, and shall be allotted from the funds available for tax credits under the excelsior jobs program a…

§ 470. Short title. This article shall be known and may be cited as the "restaurant return-to-work tax credit program act".

§ 471. Statement of legislative findings and declaration. It is hereby found and declared that New York state needs, as a matter of public policy, to create financial incentives for restaurants that have suffered economic harm as a result of the COVID-19 pandemic to expeditiousl…

§ 472. Definitions. For the purposes of this article: 1. "Average full-time employment" shall mean the average number of full-time equivalent positions employed by a business entity in an eligible industry during a given period. 2. "Average starting full-time employment" shall b…

§ 473. Eligibility criteria. 1. To be eligible for a tax credit under the restaurant return-to-work tax credit program, a business entity must: (a) be a small business as defined in section one hundred thirty-one of this chapter and have fewer than one hundred full-time job equi…

§ 474. Application and approval process. 1. A business entity must submit a complete application as prescribed by the commissioner for the restaurant return-to-work credit and the additional restaurant return-to-work credit. 2. The commissioner shall establish procedures and a t…

§ 475. Restaurant return-to-work tax credit. 1. A business entity in the restaurant return-to-work tax credit program that meets the eligibility requirements of section four hundred seventy-three of this article may be eligible to claim a credit equal to five thousand dollars pe…

§ 475-a. Additional restaurant return-to-work tax credit. 1. A business entity in the restaurant return-to-work tax credit program that applies for the additional restaurant return-to-work credit pursuant to section four hundred seventy-four of this article may be eligible to cl…

§ 476. Powers and duties of the commissioner. 1. The commissioner may promulgate regulations establishing an application process and eligibility criteria, that will be applied consistent with the purposes of this article, so as not to exceed the annual cap on tax credits set for…

§ 477. Maintenance of records. Each business entity participating in the program shall keep all relevant records for their duration of program participation for at least three years.

§ 478. Reporting. Each business entity participating in this program must submit a performance report to the department at a time prescribed in regulations by the commissioner. The commissioner shall on or before April first, two thousand twenty-two and every quarter thereafter,…

§ 479. Cap on tax credit. The total amount of tax credits listed on\ncertificates of tax credit issued by the commissioner pursuant to this\narticle may not exceed thirty-five million dollars.\n

§ 480. Short title. This article shall be known and may be cited as the "COVID-19 capital costs tax credit program act".

§ 481. Statement of legislative findings and declaration. It is hereby found and declared that New York state needs, as a matter of public policy, to provide critical assistance to small businesses to comply with public health or other emergency orders or regulations, and to tak…

§ 482. Definitions. For the purposes of this article: 1. "Certificate of tax credit" means the document issued to a business entity by the department after the department has verified that the business entity has met all applicable eligibility criteria in this article. The certi…