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0 chapters · 222 sections in this title.
N.Y. Economic Development Law § 483 Eligibility criteria
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§ 483. Eligibility criteria. 1. To be eligible for a tax credit under the COVID-19 capital costs 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 two million five hundred thousand dollars or…
N.Y. Economic Development Law § 484 Application and approval process
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§ 484. Application and approval process. 1. A business entity must submit a complete application as prescribed by the commissioner. 2. The commissioner shall establish procedures and a timeframe for business entities to submit applications. As part of the application, each busin…
N.Y. Economic Development Law § 485 COVID-19 capital costs tax credit
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§ 485. COVID-19 capital costs tax credit. 1. A business entity in the COVID-19 capital costs tax credit program that meets the eligibility requirements of section four hundred eighty-three of this article may be eligible to claim a credit equal to fifty percent of its qualified …
N.Y. Economic Development Law § 486 Powers and duties of the commissioner
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§ 486. 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…
N.Y. Economic Development Law § 487 Maintenance of records
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§ 487. 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.
N.Y. Economic Development Law § 488 Reporting
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§ 488. Reporting. Each business entity participating in this program shall 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-three and every quarter thereaft…
N.Y. Economic Development Law § 489 Cap on tax credit
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§ 489. Cap on tax credit. The total amount of tax credits listed on certificates of tax credit issued by the commissioner pursuant to this article may not exceed two hundred fifty million dollars.
N.Y. Economic Development Law § 490 Short title
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§ 490. Short title. This article shall be known and may be cited as the "newspaper and broadcast media jobs program".
N.Y. Economic Development Law § 491 Statement of legislative findings and declaration
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§ 491. 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 financial support and incentives for businesses which operate as newspaper and broadcast media, to sustain a productive a…
N.Y. Economic Development Law § 492 Definitions
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§ 492. Definitions. For the purposes of this article: 1. "Average full-time employment" shall mean the average number of full-time positions employed by an eligible business in an eligible industry during a given period. 2. "Average starting full-time employment" shall be calcul…
N.Y. Economic Development Law § 493 Eligibility criteria
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§ 493. Eligibility criteria. To be eligible for the tax credit established under this section, a business entity must: 1. be an eligible business operating within an eligible industry; 2. be independently owned or, in the case of a print media business, demonstrate a reduction i…
N.Y. Economic Development Law § 494 Application and approval process
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§ 494. Application and approval process. 1. A business entity must submit a complete application as prescribed by the commissioner. 2. The commissioner shall establish procedures and a timeframe for business entities to submit applications. As part of the application, each busin…
N.Y. Economic Development Law § 495 Newspaper and broadcast media jobs tax credit
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§ 495. Newspaper and broadcast media jobs tax credit. 1. A business entity that meets the eligibility requirements of section four hundred ninety-three of this article, and meets any additional eligibility criteria as articulated in regulations established pursuant to this secti…
N.Y. Economic Development Law § 496 Powers and duties of the commissioner
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§ 496. Powers and duties of the commissioner. 1. The commissioner shall 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 f…
N.Y. Economic Development Law § 50 Organization of department; officers and employees
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§ 50. Organization of department; officers and employees. The existing divisions and bureaus of the department are continued; provided, however, that the commissioner, with the approval of the governor, may establish additional divisions and bureaus, change the names of existing…
N.Y. Economic Development Law § 501 Definitions
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§ 501. Definitions. As used in this article, the following terms shall have the following meanings: 1. "Approved provider" means an entity approved by the commissioner that may provide eligible training to employees of a business entity participating in the semiconductor manufac…
N.Y. Economic Development Law § 502 Eligibility criteria
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§ 502. Eligibility criteria. In order to participate in the manufacturing workforce training incentive program, a business entity must satisfy the following criteria: 1. The business entity must operate in the state as a semiconductor manufacturing business or a manufacturing bu…
N.Y. Economic Development Law § 503 Application and approval process
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§ 503. 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 commission…
N.Y. Economic Development Law § 504 Powers and duties of the commissioner
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§ 504. Powers and duties of the commissioner. 1. The commissioner shall promulgate regulations consistent with the purposes of this article that, notwithstanding any provisions to the contrary in the state administrative procedure act, may be adopted on an emergency basis. Such …
N.Y. Economic Development Law § 505 Recordkeeping requirements
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§ 505. Recordkeeping requirements. Each business entity participating in the program shall maintain all relevant records for the duration of its program participation plus three years.
N.Y. Economic Development Law § 506 Cap on tax credit
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§ 506. 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 twenty million dollars, and shall be allotted from the funds available for tax credits under the excelsior jobs program a…
N.Y. Economic Development Law § 507 Reporting
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§ 507. Reporting. The corporation, beginning October 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 shall i…