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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateNew York
Effected JurisdictionNew York
Jurisdiction type: State
Fiscal year ending In2019
Program nameNew York Youth Jobs Program (formerly Urban Youth Job Program)
Program purpose: Job Creation/Retention
Statutory authority: State Tax Law: Article 22, Section 606(tt); Article 9-A, Section 210-B(36)
Abating jurisdiction(s): State of New York
Applicable taxesPersonal Income Ttax; Corporate Franchise Tax
Method of abatement: Tax Credit
Provisions for recapture: (not specified)
Gross revenue loss: $40,000,000
Reimbursement / offset: $0
Net revenue loss: $40,000,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.osc.state.ny.us/reports/finance