N.Y.
Economic Development Law Section 358
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 department’s website. The first report will be due June thirtieth, two thousand eleven, and every three months thereafter. Such report shall include, but not be limited to, the following: number of applicants; number of participants approved; names of participants; total amount of benefits certified; benefits received per participant; total number of net new jobs created; number of net new jobs created per participant; aggregate new investment in the state; new investment per participant; and such other information as the commissioner determines.3.
The commissioner shall prepare on a quarterly basis information related to the utilization of the excelsior child care services tax credit component for inclusion in the quarterly excelsior jobs program tax credit reports required pursuant to subdivision two of this section. Such information shall include, but need not be limited to the following: number of applicants; number of participants approved; total net new child care services expenditures certified; total amount of benefits certified; benefits received per participant. On an annual basis, businesses participating in the excelsior child care services credit shall report to the department on the number of employees participating in child care services supported by the credit.
Source:
Section 358 — Reporting, https://www.nysenate.gov/legislation/laws/COM/358 (updated Apr. 23, 2021; accessed Apr. 13, 2024).
