This text of New York § 474 (Application and approval process) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
§ 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 (
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§ 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