N.Y. Comp. Codes R. & Regs. Tit. 5 § 16.1 - Purpose and scope
The purpose of these regulations is to describe and set forth the criteria of eligibility for empire zone capital tax credits. Upon certification by the commissioner, an empire zone capital tax credit of 25 percent of the following qualified investments will be allowed: investments or contributions to an empire zone capital corporation, direct equity investments in certified zone businesses and contributions of money to certain community development projects.
Notes
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