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New York · Through 2026-09-11

N.Y. Economic Development Law § 488: Reporting

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Where this section sits in the code
  1. Economic Development Law
  2. Article 26. Covid-19 Capital Costs Tax Credit Program

§ 488. Reporting. Each business entity participating in this program

shall submit a performance report to the department at a time prescribed

in regulations by the commissioner. The commissioner shall on or before

April first, two thousand twenty-three and every quarter thereafter

until program funds are fully expended, submit a report to the governor,

the temporary president of the senate, the speaker of the assembly, the

chair of the senate finance committee, and the chair of the assembly

ways and means committee, setting forth the activities undertaken by the

program. Such report shall include, but not necessarily be limited to,

the following in each reporting period to the extent such information is

available: total number of participants approved and the economic

development region in which the business is located; total amount of

payments disbursed and tax credits claimed, and average amount of

payments disbursed and tax credits claimed; names of payment recipients

and tax credits claimed; and such other information as the commissioner

determines necessary and appropriate to effectuate the purpose of the

program. Such reports shall, at the same time, be included on the

department's website and any other publicly accessible database that

lists economic development programs as determined by the department.

Collected 2026-09-14T19:32:44Z. Source file · JSON

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