§ 356. Powers and duties of the commissioner.
193 words·~1 min read·
/ny/economic-development-law/excelsior-jobs-program-act/356·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 356. Powers and duties of the commissioner. 1. The commissioner
shall promulgate regulations establishing an application process and
eligibility criteria, that will be applied consistent with the purposes
of this article, so as not to exceed the annual cap on tax credits set
forth in section three hundred fifty-nine of this article which,
notwithstanding any provisions to the contrary in the state
administrative procedure act, may be adopted on an emergency basis.
2. The commissioner shall, in consultation with the department of
taxation and finance, develop a certificate of tax credit that shall be
issued by the commissioner to participants. Participants must include
the certificate of tax credit with their tax return to receive any tax
benefits under this article.
3. The commissioner shall solely determine the eligibility of any
applicant applying for entry into the program and shall remove any
participant from the program for failing to meet any of the requirements
set forth in subdivision two of section three hundred fifty-four of this
article, or for failing to meet the minimum job or investment
requirements set forth in subdivisions three and four of section three
hundred fifty-three of this article.