New York Codes, Rules and Regulations
Title 5 - DEPARTMENT OF ECONOMIC DEVELOPMENT
Chapter XVII - EMPIRE STATE FILM PRODUCTION TAX CREDIT PROGRAM
Part 170 - EMPIRE STATE FILM PRODUCTION TAX CREDIT PROGRAM
Section 170.7 - Third party verifications

Universal Citation: 5 NY Comp Codes Rules and Regs ยง 170.7

Current through Register Vol. 46, No. 12, March 20, 2024

(a) The department may accept from an applicant a third party verification as part of an applicant's final application. Submission of a third party verification shall be voluntary and shall be subject to review and approval by the department pursuant to section 170.6(b) of this Part. The voluntary submission of a third party verification by an approved applicant as part of its final application shall in no way or manner affect the review and approval by the department of a final application submitted by an approved applicant that elects not to submit a third party verification. Such final application shall be subject to review and approval by the department pursuant to section 170.6(b) of this Part.

(b) The Department shall maintain a list of certified public accountants which may be utilized by approved applicants to provide the third party verification services pursuant to paragraph (a) above. The Department may also development procedures and performance standards for such certified public accountants to follow. Any certified public accountants failing to meet the requirements of the Department's procedures and performance standards for certified public accountants may be removed from the list immediately.

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