New York Codes, Rules and Regulations
Title 5 - DEPARTMENT OF ECONOMIC DEVELOPMENT
Chapter XXVI - Life Sciences Research and Development
Part 260 - Life Sciences Research and Development Tax Credit Program
Section 260.9 - Refundability of credits
Universal Citation: 5 NY Comp Codes Rules and Regs ยง 260.9
Current through Register Vol. 46, No. 12, March 20, 2024
The tax credit established in this Part shall be refundable as provided in article 9-A or 22 of the Tax Law. If a life sciences research and development company fails to satisfy the eligibility criteria it will lose the ability to claim credit for that year.
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