New York § 493 - 493Eligibility criteria
Full text of New York New York Consolidated Laws § 493 — 493Eligibility criteria, with citation guidance and answers to common questions.
§ 493. 493Eligibility criteria
§ 493. Eligibility criteria. To be eligible for the tax credit established under this section, a business entity must: 1. be an eligible business operating within an eligible industry; 2. be independently owned or, in the case of a print media business, demonstrate a reduction in circulation or in the number of full-time equivalent employees of at least twenty percent over the previous five years; and 3. operate predominantly in an eligible industry, and be located within the state of New York. The department, in its regulations promulgated pursuant to this article, shall have the authority to list certain types of establishments as ineligible.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 493
What does New York Consolidated Laws § 493 cover?
Section 493 ("493Eligibility criteria") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 493?
A common citation format is "New York Consolidated Laws § 493" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 493 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.