N.Y. Economic Development Law § 493: Eligibility criteria

§ 493. Eligibility criteria. To be eligible for the tax credit

established under this section, a business entity must:

1. be an eligible business operating within an eligible industry;

2. be independently owned or, in the case of a print media business,

demonstrate a reduction in circulation or in the number of full-time

equivalent employees of at least twenty percent over the previous five

years; and

3. operate predominantly in an eligible industry, and be located

within the state of New York. The department, in its regulations

promulgated pursuant to this article, shall have the authority to list

certain types of establishments as ineligible.