N.Y. Economic Development Law Section 505
Recordkeeping requirements

Each business entity participating in the program shall maintain all relevant records for the duration of its program participation plus three years.

Source: Section 505 — Recordkeeping requirements, https://www.nysenate.gov/legislation/laws/COM/505 (updated May 16, 2025; accessed Jan. 24, 2026).

501
Definitions 502
Eligibility criteria 503
Application and approval process 504
Powers and duties of the commissioner 505
Recordkeeping requirements 506
Cap on tax credit 507
Reporting

Up to date

Verified:
Jan. 24, 2026

Last modified:
May 16, 2025

§ 505. Recordkeeping requirements's source at nysenate.gov

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Location: https://newyork.public.law/laws/n.y._economic_development_law_section_505

Original Source: Section 505 — Recordkeeping requirements, https://www.nysenate.gov/legislation/laws/COM/505 (last accessed Jan. 24, 2026).

N.Y. Economic Development Law Section 505 Recordkeeping requirements

N.Y. Economic Development Law Section 505
Recordkeeping requirements