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New York Codes Rules Regulations (Last Updated: March 27,2024) |
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TITLE 5. Department of Economic Development |
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Chapter XXI. Empire State Jobs Retention Program |
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Part 213. Calculation of the Tax Credits |
Sec. 213.1. Calculation of the tax credits
Latest version.
- (a) The department shall calculate the amount of Empire State Jobs Retention Program credit for which the participant is eligible pursuant to section 211.2 of this Title.(b) A participant in the program shall be eligible to claim a credit for retention of the impacted jobs. The amount of such credit per job shall be equal to the product of gross wages and 6.85 percent.