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 220.3 - Role of the commissioner

Current through Register Vol. 45, No. 52, December 27, 2023

(a) The commissioner reviews and approves all plans for approval of eligible land or vacant space as a tax-free NY area from SUNY, CUNY, and community colleges that wish to become a sponsor, except those required by section 435 of the EDL to be reviewed by the START-UP NY Approval Board. As part of this review and approval process, the commissioner can consider any information available, including all information submitted by the sponsor applicants.

(b) The commissioner reviews all business applications and may reject any applications from businesses that wish to locate onto an approved tax-free NY area and participate in the program. As part of this review process, the commissioner can consider any information available, including all information submitted by the business.

(c) The commissioner monitors land and space designated as tax-free NY areas to ensure compliance with regional limitations on the designation of land and space as tax-free NY areas.

(d) The commissioner monitors the number of employees eligible for the personal income tax benefit and coordinates with the Department of Taxation and Finance to ensure compliance with program requirements.

(e) The commissioner receives, reviews and acts on reports on businesses participating in the program regarding, among other things, new job creation and other eligibility criteria.

(f) The commissioner reviews and may remove any business from the program that fails to meet the eligibility requirement of article 21 of the New York State Economic Development Law or any of the requirements herein.

Amended New York State Register November 20, 2019/Volume XLI, Issue 47, eff. 11/20/2019

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