New York Codes, Rules and Regulations
Title 5 - DEPARTMENT OF ECONOMIC DEVELOPMENT
Chapter XXII - Start-Up NY Program
Part 220 - Suny Tax-free Areas To Revitalize And Transform Upstate New York (start-up Ny) Program
Section 220.16 - Disclosure authorization, annual verification and required reporting
Current through Register Vol. 44, No. 38, September 21, 2022
(a) By submitting an application for participation in the program, the business authorizes the commissioner to disclose publicly the name and address of the business to be located within a tax-free NY area, as well as any other information contained in such business' application, including the projected number of net new jobs to be created.
(b) Each business must submit an annual performance and verification report, in such form as the commissioner may require, on or before March 15th of each year or, for years in which March 15th is not a New York State business day, the New York State business day immediately following March 15th. The annual report shall include, among other things:
(c) The commissioner may disclose the annual performance and verification reports publicly and include it in any the reports required of the commissioner by the EDL.
(d) On or before December 31, 2020, the commissioner shall prepare an evaluation of the effectiveness of the program and deliver it to the Governor and the Legislature to determine continued eligibility for application submissions.
Amended New York State Register November 20, 2019/Volume XLI, Issue 47, eff. 11/20/2019