§ 493. Eligibility criteria. To be eligible for the tax credit\nestablished under this section, a business entity must:\n 1. be an eligible business operating within an eligible industry;\n 2. be independently owned or, in the case of a print media business,\ndemonstrate a reduction in circulation or in the number of full-time\nequivalent employees of at least twenty percent over the previous five\nyears; and\n 3. operate predominantly in an eligible industry, and be located\nwithin the state of New York. The department, in its regulations\npromulgated pursuant to this article, shall have the authority to list\ncertain types of establishments as ineligible.\n
‹ Prev All New York sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.