New York § 475 Restaurant return-to-work tax credit

New York Statutes

§ 475 — Restaurant return-to-work tax credit

New York § 475

Law COMEconomic Development Law

Art. 25Restaurant Return-to-work Tax Credit Program

This text of New York § 475 (Restaurant return-to-work tax credit) 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.

Bluebook

N.Y. Economic Development Law § 475 (2026).

Text

§ 475. Restaurant return-to-work tax credit.

1.A business entity in\nthe restaurant return-to-work tax credit program that meets the\neligibility requirements of section four hundred seventy-three of this\narticle may be eligible to claim a credit equal to five thousand dollars\nper each full-time equivalent net employee increase as defined in\nsubdivision eight of section four hundred seventy-two of this article.\n 2. A business entity, including a partnership, limited liability\ncompany and subchapter S corporation, may not receive in excess of fifty\nthousand dollars in tax credits under this program.\n 3. The credit shall be allowed as provided in sections forty-six,\nsubdivision fifty-six of section two hundred ten-B and subsection (lll)\nof section six hundred six of the tax law

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§ 475. Restaurant return-to-work tax credit. 1. A business entity in\nthe restaurant return-to-work tax credit program that meets the\neligibility requirements of section four hundred seventy-three of this\narticle may be eligible to claim a credit equal to five thousand dollars\nper each full-time equivalent net employee increase as defined in\nsubdivision eight of section four hundred seventy-two of this article.\n 2. A business entity, including a partnership, limited liability\ncompany and subchapter S corporation, may not receive in excess of fifty\nthousand dollars in tax credits under this program.\n 3. The credit shall be allowed as provided in sections forty-six,\nsubdivision fifty-six of section two hundred ten-B and subsection (lll)\nof section six hundred six of the tax law.\n