§ 14. Empire zones program. (a) Qualified empire zone enterprise. A\nbusiness enterprise which is certified under article eighteen-B of the\ngeneral municipal law and meets the employment test shall be a\n"qualified empire zone enterprise":\n (1) except as provided in paragraphs one-a and one-b of this\nsubdivision, for purposes of articles nine-A, twenty-two and\nthirty-three of this chapter, for each of the taxable years within the\n"business tax benefit period," which period shall consist of (A) in the\ncase of a business enterprise with a test date occurring on or before\nDecember thirty-first, two thousand one, the first fifteen taxable years\nbeginning on or after January first, two thousand one, (B) in the case\nof a business enterprise with a test date occurring on or after January\nfirst, two thousand two, but prior to April first, two thousand five,\nthe fifteen taxable years next following the business enterprise's test\nyear, and (C) in the case of a business enterprise which is first\ncertified under article eighteen-B of the general municipal law on or\nafter April first, two thousand five, the ten taxable years starting\nwith the taxable year in which the business enterprise's first date of\ncertification under article eighteen-B of the general municipal law\noccurs, but only with respect to each of such business tax benefit\nperiod years for which the employment test is met,\n (1-a) With respect to a business enterprise approved by the\ncommissioner of economic development as the owner of a qualified\ninvestment project pursuant to subdivision (w) of section nine hundred\nfifty-nine of the general municipal law, the business tax benefit period\nshall mean the ten taxable years starting with the taxable year in which\nthe business enterprise's benefit period commencement date occurs, but\nonly with respect to each of such business tax benefit period years for\nwhich the employment test is met, as the term "benefit period\ncommencement date" is defined in this paragraph. The term "benefit\nperiod commencement date" shall mean either (i) the date of\ncertification pursuant to article eighteen-B of the general municipal\nlaw of the business enterprise at the location of the qualified\ninvestment project or (ii) the date when property constituting a\nqualified investment project is first placed in service. The benefit\nperiod commencement date shall be determined by an election made by the\nbusiness enterprise taxable year which includes the date of\ncertification of the business enterprise at the location of the\nqualified investment project pursuant to article eighteen-B of the\ngeneral municipal law,. In the event no such election is made by the\nbusiness enterprise, the business tax benefit period shall be deemed to\ncommence in the taxable year in which the business enterprise is\ncertified at the location of the qualified investment project pursuant\nto article eighteen-B of the general municipal law. The business tax\nbenefit period allowed under this paragraph shall be in addition to the\nbusiness tax benefit period allowed pursuant to paragraph one of this\nsubdivision.\n (1-b) With respect to a business enterprise approved by the\ncommissioner of economic development as the owner of a significant\ncapital investment project pursuant to subdivision (w) of section nine\nhundred fifty-nine of the general municipal law, the business tax\nbenefit period shall be increased to include the ten taxable years\nstarting with the taxable year in which property comprising the\nsignificant capital investment project is first placed in service,\nprovided that such property is placed in service during the business\nenterprise's business tax benefit period under paragraph one-a of this\nsubdivision. The business tax benefit period set forth in paragraph\none-a of this subdivision and any additional periods added to such\nbusiness tax benefit period pursuant to this paragraph shall constitute\none continuous business tax
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