N.Y. Economic Development Law Section 496
Powers and duties of the commissioner

1.

The commissioner shall promulgate regulations establishing an application process and eligibility criteria, that will be applied consistent with the purposes of this article, so as not to exceed the annual cap on tax credits set forth in § 495 (Newspaper and broadcast media jobs tax credit)section four hundred ninety-five of this article which, notwithstanding any provisions to the contrary in the state administrative procedure act, may be adopted on an emergency basis.

2.

The commissioner shall, in consultation with the department of taxation and finance, develop a certificate of tax credit that shall be issued by the commissioner to eligible businesses. Such certificate shall contain such information as required by the department of taxation and finance.

3.

The commissioner shall solely determine the eligibility of any applicant applying for entry into the program and shall remove any business entity from the program for failing to meet any of the requirements set forth in § 493 (Eligibility criteria)section four hundred ninety-three of this article, or for failing to meet the requirements set forth in subdivision one of § 494 (Application and approval process)section four hundred ninety-four of this article.

Source: Section 496 — Powers and duties of the commissioner, https://www.­nysenate.­gov/legislation/laws/COM/496 (updated May 3, 2024; accessed Jan. 24, 2026).

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Verified:
Jan. 24, 2026

Last modified:
May 3, 2024

§ 496. Powers & duties of the commissioner's source at nysenate​.gov

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