§ 474 — Application and approval process

§ 474. Application and approval process. 1. A business entity must\nsubmit a complete application as prescribed by the commissioner for the\nrestaurant return-to-work credit and the additional restaurant\nreturn-to-work credit.\n 2. The commissioner shall establish procedures and a timeframe for\nbusiness entities to submit applications. As part of the application,\neach business entity must:\n (a) provide evidence in a form and manner prescribed by the\ncommissioner of their business eligibility;\n (b) agree to allow the department of taxation and finance to share the\nbusiness entity's tax information with the department. However, any\ninformation shared as a result of this program shall not be available\nfor disclosure or inspection under the state freedom of information law;\n (c) agree to allow the department of labor to share its tax and\nemployer information with the department. However, any information\nshared as a result of this program shall not be available for disclosure\nor inspection under the state freedom of information law;\n (d) allow the department and its agents access to any and all books\nand records the department may require to monitor compliance;\n (e) certify, under penalty of perjury, that it is in substantial\ncompliance with all emergency orders or public health regulations\ncurrently required of such entity, and local, and state tax laws; and\n (f) agree to provide any additional information required by the\ndepartment relevant to this article.\n 3. The application for the tax credit allowed under section four\nhundred seventy-five of this article must be submitted by May first, two\nthousand twenty-two. After reviewing a business entity's completed final\napplication for the restaurant return-to-work credit and determining\nthat the business entity meets the eligibility criteria as set forth in\nthis article, the department may issue to that business entity a\ncertificate of tax credit. A business entity may claim the tax credit in\nthe taxable year that includes December thirty-first, two thousand\ntwenty-one.\n 4. The application for the tax credit allowed under section four\nhundred seventy-five-a of this article must be submitted by July first,\ntwo thousand twenty-two. After reviewing a business entity's completed\nfinal application for the additional restaurant return-to-work credit\nand determining that the business entity meets the eligibility criteria\nas set forth in this article, the department may issue to that business\nentity a certificate of additional tax credit. A business entity may\nclaim the tax credit in the taxable year that includes December\nthirty-first, two thousand twenty-two.\n