5 CRR-NY 11.7NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 5. DEPARTMENT OF ECONOMIC DEVELOPMENT
CHAPTER II. ECONOMIC DEVELOPMENT ZONES
PART 11. CERTIFICATION OF BUSINESS ENTERPRISES
5 CRR-NY 11.7
5 CRR-NY 11.7
11.7 Annual report of certified businesses.
Each certified business enterprise shall annually submit a report to the local empire zone administrative board on a form to be prescribed by the commissioner. Such report shall include but not be limited to the following:
(a) business certification information to include: organization name, organization address in the zone, contact information, Federal employment ID number, New York State unemployment insurance number, state of formation or incorporation, and verification that the business is authorized to conduct business in the State of New York;
(b) employment numbers calculated in the same manner in which the employment number is required to be calculated by section 14 of the Tax Law including: total existing full-time equivalent jobs in the zone as of the date of certification within that zone, total existing jobs in the zone for the year in which the report is being provided, total remuneration paid to employees in the zone each quarter of the reported year, total number of employees of all zones, total annual remuneration in all zones, total annual remuneration paid in New York State for the reported year, total employment number in New York State for the reported year as shown on each business' NYS-45 wage reporting form filed with the Department of Labor;
(c) capital investment to include investments in tangible personal property on other tangible property which is depreciable pursuant to section 179(d) of the United States Internal Revenue Code. Capital Investments do not include operating expenses such as office supplies, utilities, rent, and other recurring expenses;
(d) tax benefits used and refunded: provide an estimation of the amount of the following credits used and refunded for the reported year by the certified business, or by the taxpayers within the certified business including its shareholders, members, partners or the owner of a sole proprietorship; wage tax credits, investment tax credits, employment incentive tax credits, real property tax credit, and tax reduction credit; and
(e) other benefits; estimated valued to the certified business of the sales tax benefits for the reported year. The local empire zone administrative board shall send such reports to the commissioner.
5 CRR-NY 11.7
Current through October 15, 2021
End of Document

IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.