N.Y. Economic Development Law Section 484
Application and approval process


A business entity must submit a complete application as prescribed by the commissioner.


The commissioner shall establish procedures and a timeframe for business entities to submit applications. As part of the application, each business entity must:


provide evidence in a form and manner prescribed by the commissioner of their business eligibility;


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;


allow the department and its agents access to any and all books and records the department may require to monitor compliance;


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;


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


agree to provide any additional information required by the department relevant to this article.


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.


The business entity must submit its application by September thirtieth, two thousand twenty-three.

Source: Section 484 — Application and approval process, https://www.­nysenate.­gov/legislation/laws/COM/484 (updated May 12, 2023; accessed Jun. 22, 2024).

Jun. 22, 2024

Last modified:
May 12, 2023

§ 484’s source at nysenate​.gov

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