New York § 488 Reporting

New York Statutes

§ 488 — Reporting

New York § 488

Law COMEconomic Development Law

Art. 26Covid-19 Capital Costs Tax Credit Program

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Bluebook

N.Y. Economic Development Law § 488 (2026).

Text

  § 488. Reporting. Each business entity participating in this program\nshall submit a performance report to the department at a time prescribed\nin regulations by the commissioner. The commissioner shall on or before\nApril first, two thousand twenty-three and every quarter thereafter\nuntil program funds are fully expended, submit a report to the governor,\nthe temporary president of the senate, the speaker of the assembly, the\nchair of the senate finance committee, and the chair of the assembly\nways and means committee, setting forth the activities undertaken by the\nprogram. Such report shall include, but not necessarily be limited to,\nthe following in each reporting period to the extent such information is\navailable: total number of participants approved and the economic\ndevelopm

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§ 488. Reporting. Each business entity participating in this program\nshall submit a performance report to the department at a time prescribed\nin regulations by the commissioner. The commissioner shall on or before\nApril first, two thousand twenty-three and every quarter thereafter\nuntil program funds are fully expended, submit a report to the governor,\nthe temporary president of the senate, the speaker of the assembly, the\nchair of the senate finance committee, and the chair of the assembly\nways and means committee, setting forth the activities undertaken by the\nprogram. Such report shall include, but not necessarily be limited to,\nthe following in each reporting period to the extent such information is\navailable: total number of participants approved and the economic\ndevelopment region in which the business is located; total amount of\npayments disbursed and tax credits claimed, and average amount of\npayments disbursed and tax credits claimed; names of payment recipients\nand tax credits claimed; and such other information as the commissioner\ndetermines necessary and appropriate to effectuate the purpose of the\nprogram. Such reports shall, at the same time, be included on the\ndepartment's website and any other publicly accessible database that\nlists economic development programs as determined by the department.\n