N.Y. Economic Development Law § 474: Application and approval process

§ 474. Application and approval process. 1. A business entity must

submit a complete application as prescribed by the commissioner for the

restaurant return-to-work credit and the additional restaurant

return-to-work credit.

2. The commissioner shall establish procedures and a timeframe for

business entities to submit applications. As part of the application,

each business entity must:

(a) provide evidence in a form and manner prescribed by the

commissioner of their business eligibility;

(b) agree to allow the department of taxation and finance to share the

business entity's tax information with the department. However, any

information shared as a result of this program shall not be available

for disclosure or inspection under the state freedom of information law;

(c) agree to allow the department of labor to share its tax and

employer information with the department. However, any information

shared as a result of this program shall not be available for disclosure

or inspection under the state freedom of information law;

(d) allow the department and its agents access to any and all books

and records the department may require to monitor compliance;

(e) certify, under penalty of perjury, that it is in substantial

compliance with all emergency orders or public health regulations

currently required of such entity, and local, and state tax laws; and

(f) agree to provide any additional information required by the

department relevant to this article.

3. The application for the tax credit allowed under section four

hundred seventy-five of this article must be submitted by May first, two

thousand twenty-two. After reviewing a business entity's completed final

application for the restaurant return-to-work credit and determining

that the business entity meets the eligibility criteria as set forth in

this article, the department may issue to that business entity a

certificate of tax credit. A business entity may claim the tax credit in

the taxable year that includes December thirty-first, two thousand

twenty-one.

4. The application for the tax credit allowed under section four

hundred seventy-five-a of this article must be submitted by July first,

two thousand twenty-two. After reviewing a business entity's completed

final application for the additional restaurant return-to-work credit

and determining that the business entity meets the eligibility criteria

as set forth in this article, the department may issue to that business

entity a certificate of additional tax credit. A business entity may

claim the tax credit in the taxable year that includes December

thirty-first, two thousand twenty-two.