§ 17 — Empire zones tax benefits report

New York § 17

• Jurisdiction: New York
• Law TAX: Tax
• Art. 1: Short Title; Definitions; Miscellaneous

Text

§ 17. Empire zones tax benefits report. (a) The department of\ntaxation and finance must publish an empire zones tax benefits report\nannually by June thirtieth. The first report must be published by June\nthirtieth, two thousand eleven.\n (b) (1) The empire zones tax benefits report must contain the\nfollowing information about the empire zone tax credits claimed under\narticles nine, nine-A, twenty-two and thirty-three of this chapter\nduring the previous calendar year:\n (A) the name of each taxpayer claiming a credit; and\n (B) the amount of each credit earned by each taxpayer.\n (2) If the taxpayer claims a empire zone tax credit because the\ntaxpayer is a member of a limited liability company, a partner in a\npartnership or a shareholder in a subchapter S corporation, the name of\neach limited liability company, partnership or subchapter S corporation\nearning any of those credits and the amount of credit earned by each\nentity must be included in the report instead of information about the\ntaxpayer claiming the credit.\n (c) The empire zones tax benefits report must also contain the\nfollowing information about the sales and use tax refunds and credits\nclaimed under subdivision (d) of section eleven hundred nineteen of this\nchapter during the previous calendar year:\n (A) the name of each taxpayer claiming a credit or refund; and\n (B) the total amount of credits or refunds allowed to each taxpayer.\n (d) The information included in the empire zones tax benefits report\nwill be based on the information filed with the department during the\nprevious calendar year, to the extent that it is practicable to use that\ninformation.\n