Sec. 193.2. Refundability of credits

Latest version.

(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.

                    
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