N.Y. Comp. Codes R. & Regs. tit. 5, § 280.5 – Calculation of the restaurant return-to-work tax credit. | Midpage
§ 280.5
N.Y. Comp. Codes R. & Regs. tit. 5, § 280.5
Calculation of the restaurant return-to-work tax credit.
Department of Economic Development
(a) An applicant for the restaurant return-to-work tax credit that meets the eligibility requirements of section 280.4 of this Part may be eligible to claim a credit equal to $5,000 per each full-time equivalent net employee increase as defined in section 280.2(n) of this Part.
(b) An applicant may not receive in excess of $50,000 in tax credits under this program.
(c) The restaurant return-to-work tax credit shall be refundable as provided in the Tax Law.