N.Y. Tax Law § 41: Limitations on tax credit eligibility

§ 41. Limitations on tax credit eligibility. Any taxpayer who stands

convicted, or who is a shareholder of an S corporation or partner in a

partnership which is convicted, of an offense defined in article two

hundred or four hundred ninety-six or section 195.20 of the penal law

shall not be eligible for any tax credit allowed under article nine,

nine-A, thirty-two or thirty-three of this chapter or any business tax

credit allowed under article twenty-two of this chapter. For purposes of

this section, a business tax credit allowed under article twenty-two of

this chapter is a tax credit allowed to taxpayers under article

twenty-two which is substantially similar to a tax credit allowed to

taxpayers under article nine-A of this chapter. In the event a person or

firm, partnership or corporation is convicted of an offense defined in

article two hundred or four hundred ninety-six or section 195.00 of the

penal law, the office responsible for prosecuting such offense shall

send notice of such conviction, together with the names of any firm,

partnership or corporation of which the person is known to be a member,

partner, officer or director, to the commissioner.