§ 480 Short title
§ 481 Statement of legislative findings and declaration
§ 482 Definitions
§ 483 Eligibility criteria
§ 484 Application and approval process
§ 485 COVID-19 capital costs tax credit
§ 486 Powers and duties of the commissioner
§ 487 Maintenance of records
§ 488 Reporting

Terms Used In New York Laws > Economic Development Law > Article 26 - Covid-19 Capital Costs Tax Credit Program

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Dependent: A person dependent for support upon another.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.