§ 48-02 Application Procedure.
RCNY § 48-02
(a)An applicant for the credit must submit an application on a form or in a format established by the Commissioner of Finance ("Commissioner") to the Department of Finance ("Department") no later than January 15 in the calendar year that immediately follows the calendar year for which the credit is sought.
(b)The Department shall make a determination on the application based upon the applicable provisions of State and local law and the criteria set forth in 19 RCNY § 48-03.
(c)The Department may request additional documentation to support representations made in any credit application, including, but not limited to, copies of tax returns and financial statements.
(d)If any application is approved, the Department shall issue a certificate of eligibility for benefits to the applicant. If the application is denied, the Department shall provide the applicant with a notice of denial which shall state the reasons therefor. An applicant shall not receive a biotechnology credit against tax until the Department has issued the applicant a certificate of eligibility for benefits.
