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.
| State or Territory: | New York |
| Effected Jurisdiction: | New York |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2023 |
| Program name: | Empire Zones |
| Program purpose: | Job Creation/Retention |
| Statutory authority: | State tax law: Article 22, Section 606(j)(1), 606(k) and 606(l) Article 9-A, Section 210-B(3 & 4) and 210-B(46) Article 33, Section 1511(g) and 1511(h) Article 9, Section 187-K, 187-L, and 187-M |
| Abating jurisdiction(s): | State of New York |
| Applicable taxes: | Personal Income Tax; Corporate Franchise Tax; Bank and Insurance Taxes; Corporate Tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | (no provisions for recapture) |
| Gross revenue loss: | $20,000,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $20,000,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.osc.ny.gov/files/reports/finance/pdf/annual-comprehensive-fi... |
