N.Y. Comp. Codes R. & Regs. tit. 5 § 213.1

Current through Register Vol. 46, No. 53, December 31, 2024

Section 213.1 - Calculation of the tax credits

(a) The department shall calculate the amount of Empire State Jobs Retention Program credit for which the participant is eligible pursuant to section 211.2 of this Title.

(b) A participant in the program shall be eligible to claim a credit for retention of the impacted jobs. The amount of such credit per job shall be equal to the product of gross wages and 6.85 percent.

N.Y. Comp. Codes R. & Regs. Tit. 5 § 213.1