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 Nov. 22, 2025).

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:
Nov. 22, 2025

Last modified:
May 16, 2025

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

Link Style

Stay Connected

Join thousands of people who receive monthly site updates.

Get Legal Help

The New York State Bar Association runs a service for finding an attorney in good standing. Initial consultations are usually free or discounted: Lawyer Referral Service

Committed to Public Service

We will always provide free access to the current law. In addition, we provide special support for non-profit, educational, and government users. Through social entrepreneurship, we’re lowering the cost of legal services and increasing citizen access.

Navigate

California:	Codes
Colorado:	C.R.S.
Florida:	Statutes
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

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 Nov. 22, 2025).

N.Y. Economic Development Law Section 505 Recordkeeping requirements

N.Y. Economic Development Law Section 505
Recordkeeping requirements