Statute · New York Economic Development Law
N.Y. Econ. Dev. Law § 481 — Statement of legislative findings and declaration
N.Y. Econ. Dev. Law § 481
- Type
- Statute
- Source
- New York Economic Development Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 481. Statement of legislative findings and declaration. It is hereby found and declared that New York state needs, as a matter of public policy, to provide critical assistance to small businesses to comply with public health or other emergency orders or regulations, and to take infectious…
Citator
N.Y. Econ. Dev. Law § 481 — Statement of legislative findings and declaration is in force in the current edition of the Code, and nothing recorded condemns it.
§ 481. Statement of legislative findings and declaration. It is hereby found and declared that New York state needs, as a matter of public policy, to provide critical assistance to small businesses to comply with public health or other emergency orders or regulations, and to take infectious disease mitigation measures related to the COVID-19 pandemic. The COVID-19 capital costs tax credit program is created to provide financial assistance to economically harmed businesses to offer relief and reduce the duration and severity of the current economic difficulties.