§ 25-z. Authorization to provide relocation and employment assistance\ncredits. (a) Any city having a population of one million or more is\nhereby authorized and empowered to adopt and amend a local law allowing\nan eligible business that relocates as defined in subdivision (j) of\nsection twenty-five-y of this article to receive a credit against a tax\nimposed under a local law enacted pursuant to part two or three of\nsection one, or section two, of chapter seven hundred seventy-two of the\nlaws of nineteen hundred sixty-six or a gross receipts tax imposed under\na local law enacted pursuant to subdivision (a) of section twelve\nhundred one of the tax law. The amount of such credit shall be in an\namount equal to five hundred dollars or, in the case of an eligible\nbusiness that has obtained pursuant to subdivision (b) of this section a\ncertification of eligibility dated on or after July first, nineteen\nhundred ninety-five, one thousand dollars or, in the case of eligible\nbusiness that has obtained pursuant to subdivision (b) of this section a\ncertification of eligibility dated on or after July first, two thousand,\nfor a relocation to eligible premises located within a revitalization\narea defined in subdivision (n) of section twenty-five-y of this\narticle, three thousand dollars, multiplied by the number of eligible\naggregate employment shares, and may be taken, pursuant to the\nprovisions of subdivision two of section four-h of part two of section\none, or paragraph two of subdivision (j) of section one hundred one of\nsection two of chapter seven hundred seventy-two of the laws of nineteen\nhundred sixty-six, or pursuant to the provisions of a local law enacted\npursuant to subdivision (a) of section twelve hundred one of the tax\nlaw, for up to thirteen consecutive taxable years beginning with the\ntaxable year in which the eligible business relocates as defined in\nsubdivision (j) of section twenty-five-y of this article; provided,\nhowever, with respect to a relocation for which no application for a\ncertificate of eligibility is submitted prior to July first, two\nthousand three, to eligible premises that are not within a\nrevitalization area, if the date of such relocation as determined\npursuant to subdivision (j) of section twenty-five-y of this article is\nbefore July first, nineteen hundred ninety-five, the amount to be\nmultiplied by the number of eligible aggregate employment shares shall\nbe five hundred dollars, and with respect to a relocation for which no\napplication for a certificate of eligibility is submitted prior to July\nfirst, two thousand three, to eligible premises that are within a\nrevitalization area, if the date of such relocation as determined\npursuant to subdivision (j) of such section is before July first,\nnineteen hundred ninety-five, the amount to be multiplied by the number\nof eligible aggregate employment shares shall be five hundred dollars,\nand if the date of such relocation as determined pursuant to subdivision\n(j) of such section is on or after July first, nineteen hundred\nninety-five, and before July first, two thousand, one thousand dollars;\nprovided that no such credit shall be allowed for the relocation of any\nretail activity or hotel services; provided, notwithstanding any other\nprovision of law to the contrary, that no such credit shall be allowed\nagainst a gross receipts tax imposed under a local law enacted pursuant\nto subdivision (a) of section twelve hundred one of the tax law for any\nrelocation taking place prior to January first, nineteen hundred\nninety-nine; and provided that in the case of an eligible business that\nhas obtained pursuant to subdivision (b) of this section certifications\nof eligibility for more than one relocation as defined in subdivision\n(j) of section twenty-five-y of this article, the portion of the total\namount of eligible aggregate employment shares to be multiplied by the\ndollar amount specified in this subdivision for eac
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