§ 61-02 Authorization to Provide Relocation Assistance Credit per Employee.
RCNY § 61-02
(a)An eligible business that relocates shall be allowed to receive a credit against a tax imposed by chapter 5 or subchapter 2, 3 or 3-A of chapter 6 of title 11 of the Administrative Code of the City of New York, as described in subdivision (r) of § 11-503, subdivision 24 of § 11-604, § 11-643.10, or subdivision 24 of § 11-654 of the Administrative Code of the City of New York.
(b)No eligible business shall be authorized to receive a credit against tax pursuant to subdivision (a) of this section, unless the premises with respect to which it is claiming the credit are eligible premises and until it has obtained an initial certification of eligibility from the commissioner and an annual certification from the commissioner as to the number of eligible aggregate employment shares maintained by such eligible business that may qualify for obtaining a tax credit for the eligible business’s taxable year. (Added City Record 11/20/2025, eff. 12/20/2025)
