§ 25-ff. Definitions. When used in this article, the following terms\nshall have the following meanings:\n (a) "Aggregate employment shares" means the sum of all employment\nshares maintained by an eligible business in a taxable year.\n (b) "Eligible aggregate employment shares" means, in the case of an\neligible business, the amount, if any, of aggregate employment shares\nmaintained by an eligible business in eligible premises in the taxable\nyear in which such eligible business claims a credit pursuant to a local\nlaw enacted in accordance with section twenty-five-gg of this article;\nprovided, however, that:\n (1) such amount shall not exceed the lesser of:\n (i) the number of aggregate employment shares maintained by such\neligible business in eligible premises in the taxable year during which\nsuch eligible business relocates;\n (ii) the maximum approved employment shares for such eligible\nbusiness; or\n (iii) an amount equal to the product of multiplying the aggregate\nemployment shares and the linear scalar for such eligible business in\nsuch tax year; and\n (2) a full-time work week or part-time work week at eligible premises\nprior to the date of relocation shall not be taken into account in\ndetermining eligible aggregate employment shares.\n (c) "Eligible business" means any person subject to a tax imposed\nunder a local law enacted pursuant to part two or three of section one,\nor section two of chapter seven hundred seventy-two of the laws of\nnineteen hundred sixty-six that:\n (1) has been conducting substantial business operations at one or more\nbusiness locations outside of New York state for the twenty-four\nconsecutive months immediately preceding the taxable year during which\nsuch eligible business relocates but has not maintained employment\nshares at premises in New York state at any time during the period\nbeginning January first, two thousand twenty-five and ending on the date\nsuch business enters into a lease or a contract to purchase the premises\nthat will qualify as eligible premises pursuant to this article; and\n (2) on or after July first, two thousand twenty-five relocates all or\npart of such business operations.\n (d) "Eligible premises" means one or more non-residential premises\nthat consist of at least ten thousand square feet that are:\n (1) wholly contained in real property located in a city with a\npopulation of one million or more; and\n (2) if contained in real property wholly located in the borough of\nManhattan, are premises for which final certificates of occupancy were\nissued prior to January first, two thousand.\n (e) "Employment share" means, for each employee, partner or sole\nproprietor of an eligible business, the sum of: (1) the number of\nfull-time work weeks worked by such employee, partner or sole proprietor\nduring the eligible business's taxable year divided by the number of\nweeks in the taxable year; and (2) the number of part-time work weeks\nworked by such employee, partner or sole proprietor during the eligible\nbusiness's taxable year divided by an amount equal to twice the number\nof weeks in the taxable year. Employment share shall not include\nfull-time or part-time work weeks attributable to employees, partners or\nsole proprietors acquired by an eligible business as a result of a\nmerger with, acquisition of another person, or a transaction having a\ncomparable effect, that occurs after June thirtieth, two thousand\ntwenty-five, and before the end of the taxable year in which a credit is\nclaimed by such eligible business pursuant to a local law enacted in\naccordance with section twenty-five-gg of this article, or to\nsuccessors, if any, to those employees, partners or sole proprietors.\n (f) "Full-time work week" means a week during which at least\nthirty-five hours of gainful work has been performed by an employee,\npartner or sole proprietor.\n (g) "Hotel services" means any services that consist predominately of\nthe lodging of guests
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