N.Y. Econ. Dev. Law § 475

Current through 2024 NY Law Chapter 202
Section 475 - Restaurant return-to-work tax credit
1. A business entity in the restaurant return-to-work tax credit program that meets the eligibility requirements of section four hundred seventy-three of this article may be eligible to claim a credit equal to five thousand dollars per each full-time equivalent net employee increase as defined in subdivision eight of section four hundred seventy-two of this article.
2. A business entity, including a partnership, limited liability company and subchapter S corporation, may not receive in excess of fifty thousand dollars in tax credits under this program.
3. The credit shall be allowed as provided in sections forty-six, subdivision fifty-six of section two hundred ten-B and subsection (lll) of section six hundred six of the tax law.

N.Y. Economic Development Law § 475

Added by New York Laws 2021 , ch. 59, Sec. PP-A-1, eff. 4/19/2021.