N.Y. General Municipal Law 966 – Special provisions relating to empire zones and zone equivalent areas
§ 966. Special provisions relating to empire zones and zone equivalent areas. In addition to the benefits provided for in this article, other benefits applicable to empire zones are provided elsewhere in the consolidated laws, and benefits are provided in the case of zone equivalent areas, as follows:
Terms Used In N.Y. General Municipal Law 966
- Community development projects: shall mean projects sponsored by not-for-profit organizations which have been approved by the zone board, which will advance the zone development plan. See N.Y. General Municipal Law 957
- Empire zone: shall mean an area within the state that has been designated as an empire zone pursuant to this article and:
(i) all empire zones designated under paragraph (i) of subdivision (a) and subdivision (d) of section nine hundred fifty-eight of this article shall be referred to as "investment zones" and shall be wholly contained within up to three distinct and separate contiguous areas; provided, however, that empire zones designated prior to the enactment of this paragraph shall identify up to three distinct and separate contiguous areas, which shall equal up to their total allotted acreage at the time of designation by January first, two thousand six. See N.Y. General Municipal Law 957 - Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Zone equivalent area: shall mean an area designated as such pursuant to former subdivision (bb) of section nine hundred fifty-nine of this article. See N.Y. General Municipal Law 957
(a) For real property tax increase exemption, see § 485-e of the real property tax law;
(b) For reduction in utility costs of non-retail business customers in an empire zone, and a correlative tax credit, see subdivision eight of § 186-a of the tax law;
(c) For credits against the tax imposed under Article 9-A of the tax law, based on investments in certain eligible property in an empire zone, see subdivisions twelve-B and twelve-C of § 210 of the tax law;
(d) For a credit against the tax imposed under Article 22 of the tax law, based on investments in certain eligible property in an empire zone, see subsection (j) of § 606 of the tax law;
(e) For credits against the taxes imposed under articles nine-A, twenty-two, thirty-two and thirty-three of the tax law, based on wages paid to certain employees employed by a business located in an empire zone or in a zone equivalent area, see subdivision nineteen of section two hundred ten, subsection (k) of section six hundred six, subsection (e) of section fourteen hundred fifty-six and subdivision (g) of section fifteen hundred eleven, respectively, of the tax law;
(f) For credits against the tax imposed under articles nine-A, twenty-two, thirty-two and thirty-three of the tax law, based on qualified investments in or contributions to empire zone capital corporations, qualified investments in certified zone businesses and contributions to community development projects, see subdivision twenty of section two hundred ten, subsection (l) of section six hundred six, subsection (d) of section fourteen hundred fifty-six, and subdivision (h) of § 1511 of the tax law;
(g) For refund or credit of payments of certain of the taxes imposed under article twenty-eight and, at local option, pursuant to the authority of Article 29 of the tax law, with respect to purchases of materials used in constructing, expanding or rehabilitating certain business property located in an empire zone, see subdivision (a) of § 1119 of the tax law; and
(h) For availability of special empire zone rates governing the provision of gas or electric service, see subdivision twelve-c of § 66 of the public service law. Such special empire zone rates may remain available to business enterprises certified pursuant to this article for a period of up to ten years following initial certification, unless such certification is revoked, notwithstanding the expiration of the designation of an empire zone.