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Current as of January 01, 2026 | Updated by Findlaw Staff
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 business entity must:
(a) provide evidence in a form and manner prescribed by the commissioner of their business eligibility;
(b) agree to allow the department of taxation and finance to share the business entity's tax information with the department. However, any information shared as a result of this program shall not be available for disclosure or inspection under the state freedom of information law;
(c) allow the department and its agents access to any and all books and records the department may require to monitor compliance;
(d) certify, under penalty of perjury, that it is in substantial compliance with all emergency orders or public health regulations currently required of such entity, and local, and state tax laws;
(e) certify, under penalty of perjury, that it did not include any cost paid for with other COVID-19 grant funds as determined by the commissioner in its application for a tax credit under the COVID-19 capital costs tax credit program; and
(f) agree to provide any additional information required by the department relevant to this article.
3. After reviewing a business entity's completed final application and determining that the business entity meets the eligibility criteria as set forth in this article, the department may issue to that business entity a certificate of tax credit.
4. The business entity must submit its application by September thirtieth, two thousand twenty-three.
Cite this article: FindLaw.com - New York Consolidated Laws, Economic Development Law - COM § 484. Application and approval process - last updated January 01, 2026 | https://codes.findlaw.com/ny/economic-development-law/com-sect-484/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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