N.Y.
Economic Development Law Section 482
Definitions
1.
“Certificate of tax credit” means the document issued to a business entity by the department after the department has verified that the business entity has met all applicable eligibility criteria in this article. The certificate shall specify the exact amount of the tax credit under this article that a business entity may claim, pursuant to § 485 (COVID-19 capital costs tax credit)section four hundred eighty-five of this article.2.
“Commissioner” shall mean commissioner of the department of economic development.3.
“Department” shall mean the department of economic development.4.
“Qualified COVID-19 capital costs” shall mean costs incurred from January first, two thousand twenty-one through December thirty-first, two thousand twenty-two at a business location in New York state to comply with public health or other emergency orders or regulations related to the COVID-19 pandemic, or to generally increase safety through infectious disease mitigation, including costs for:(i)
supplies to disinfect and/or protect against COVID-19 transmission;(ii)
restocking of perishable goods to replace those lost during the COVID-19 pandemic;(iii)
physical barriers and sneeze guards;(iv)
hand sanitizer stations;(v)
respiratory devices such as air purifier systems installed at the business entity’s location;(vi)
signage related to the COVID-19 pandemic including, but not limited to, signage detailing vaccine and masking requirements, and social distancing;(vii)
materials required to define and/or protect space such as barriers;(viii)
materials needed to block off certain seats to allow for social distancing;(ix)
certain point of sale payment equipment to allow for contactless payment;(x)
equipment and/or materials and supplies for new product lines in response to the COVID-19 pandemic;(xi)
software for online payment platforms to enable delivery or contactless purchases;(xii)
building construction and retrofits to accommodate social distancing and installation of air purifying equipment but not for costs for non-COVID-19 pandemic related capital renovations or general “closed for renovations” upgrades;(xiii)
machinery and equipment to accommodate contactless sales;(xiv)
materials to accommodate increased outdoor activity such as heat lamps, outdoor lighting, and materials related to outdoor space expansions; and(xv)
other costs as determined by the department to be eligible under this section; provided, however, that “qualified COVID-19 capital costs” do not include any costs paid for with other COVID-19 grant funds as determined by the commissioner.
Source:
Section 482 — Definitions, https://www.nysenate.gov/legislation/laws/COM/482 (updated Apr. 22, 2022; accessed May 11, 2024).
