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New York · Through 2026-09-11

N.Y. Economic Development Law § 504: Powers and duties of the commissioner

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Where this section sits in the code
  1. Economic Development Law
  2. Article 28. Semiconductor Manufacturing Workforce Training Incentive Program

§ 504. Powers and duties of the commissioner. 1. The commissioner

shall promulgate regulations consistent with the purposes of this

article that, notwithstanding any provisions to the contrary in the

state administrative procedure act, may be adopted on an emergency

basis. Such regulations shall include, but not be limited to,

eligibility criteria for business entities desiring to participate in

the semiconductor manufacturing workforce training incentive program,

procedures for the receipt and evaluation of applications from business

entities to participate in the program, and such other provisions as the

commissioner deems to be appropriate in order to implement the

provisions of this article.

2. The commissioner shall, in consultation with the department of

taxation and finance, develop a certificate of tax credit that shall be

issued by the commissioner to participating business entities.

Participants may be required by the commissioner of taxation and finance

to include the certificate of tax credit with their tax return to

receive any tax benefits under this article.

3. The commissioner shall solely determine the eligibility of any

applicant applying for entry into the program and shall remove any

participant from the program for failing to meet any of the requirements

set forth in section five hundred two of this article or for making a

material misrepresentation with respect to its participation in the

program.

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

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