Title COM, Economic Development Law

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

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

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

§ 361. New York state empire artificial intelligence research program.\n1. Definitions. Whenever used in this section:\n (a) "Division" shall mean the division of science, technology, and\ninnovation within the department.\n (b) "Empire AI consortium" or "the consortium" shall b…

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

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

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

* § 403. Powers and duties of the commissioner. 1. The commissioner\nshall promulgate regulations establishing an application process and\neligibility criteria set forth in section four hundred one of this\narticle which, notwithstanding any provisions to the contrary in the\nst…

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

§ 410. Centers of excellence program. The centers of excellence\nprogram is hereby established for the purpose of fostering collaboration\nbetween the academic research community and the business sector to\ndevelop and commercialize new products and technologies, to promote\ncri…

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

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

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

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

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

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

§ 426. Powers and duties of the commissioner. 1. The commissioner\nshall promulgate regulations establishing the type of application\nprocess and the eligibility criteria, that will be applied consistent\nwith the purposes of this article, so as not to exceed thirty million\ndol…

§ 427. Maintenance of records. Each participant shall keep all\nrelevant records for the duration of its program participation plus\nthree years.\n

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

* § 444. Powers and duties of the commissioner. 1. The commissioner\nshall, in consultation with the commissioner of labor, promulgate\nregulations consistent with the purposes of this article that,\nnotwithstanding any provisions to the contrary in the state\nadministrative pro…

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

* § 446. Cap on tax credit. The total amount of tax credits listed on\ncertificates of tax credit issued by the commissioner for any taxable\nyear may not exceed five million dollars, and shall be allotted from the\nfunds available for tax credits under the excelsior jobs progra…

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

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

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

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

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

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

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

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

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

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

§ 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\nthe "COVID-19 capital costs tax credit program act".\n

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

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