N.Y. Comp. Codes R. & Regs. tit. 5 § 193.2

Current through Register Vol. 46, No. 50, December 11, 2024

Section 193.2 - Refundability of credits

(a) The tax credit components established in this section shall be refundable as provided in the Tax Law. If a participant fails to satisfy the eligibility criteria, specifically the applicable job creation and/or investment requirements indicated in the preliminary schedule of benefits in any one year, it will lose the ability to claim credit for that year.

(b) The event of such failure shall not extend the original 10-year eligibility period.

N.Y. Comp. Codes R. & Regs. Tit. 5 § 193.2

Amended New York State Register June 27, 2018/Volume XL, Issue 26, eff. 6/27/2018

Amended New York State Register December 16, 2020/Volume XLII, Issue 50, eff. 12/16/2020

Amended New York State Register May 3, 2023/Volume XLV, Issue 18, eff. 5/3/2023