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.

State: 
New York
Reporting Jurisdiction: 
New York
Jurisdiction type
State
Fiscal year ending In: 
2020
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
$31,000,000
Reimbursement / offset
$0
Net revenue loss
$31,000,000
Type of loss
Active
Additional notes on dislosure: 
(none)