N.Y. Economic Development Law Section 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 § 473 (Eligibility criteria)section four hundred seventy-three of this article may be eligible to claim a credit equal to five thousand dollars per each full-time equivalent net employee increase as defined in subdivision eight of § 472 (Definitions)section four hundred seventy-two of this article.

2.

A business entity, including a partnership, limited liability company and subchapter S corporation, may not receive in excess of fifty thousand dollars in tax credits under this program.

3.

The credit shall be allowed as provided in sections forty-six, subdivision fifty-six of section two hundred ten-B and subsection (lll) of Tax Law § 606 (Credits against tax)section six hundred six of the tax law.

Source: Section 475 — Restaurant return-to-work tax credit, https://www.­nysenate.­gov/legislation/laws/COM/475 (updated Apr. 23, 2021; accessed Jun. 21, 2025).

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Apr. 23, 2021

§ 475. Restaurant return-to-work tax credit's source at nysenate​.gov

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