2016 New York Laws
TAX - Tax
Article 1 - (Tax) SHORT TITLE; DEFINITIONS; MISCELLANEOUS
41 - Limitation on tax credit eligibility.

  41.  Limitations on tax credit eligibility. Any taxpayer who stands
  convicted, or who is a shareholder of an S corporation or partner  in  a
  partnership  which  is  convicted,  of an offense defined in article two
  hundred or four hundred ninety-six or section 195.20 of  the  penal  law
  shall  not  be  eligible  for any tax credit allowed under article nine,
  nine-A, thirty-two or thirty-three of this chapter or any  business  tax
  credit allowed under article twenty-two of this chapter. For purposes of
  this  section, a business tax credit allowed under article twenty-two of
  this chapter  is  a  tax  credit  allowed  to  taxpayers  under  article
  twenty-two  which  is  substantially  similar to a tax credit allowed to
  taxpayers under article nine-A of this chapter. In the event a person or
  firm, partnership or corporation is convicted of an offense  defined  in
  article  two hundred or four hundred ninety-six or section 195.00 of the
  penal law, the office responsible for  prosecuting  such  offense  shall
  send  notice  of  such  conviction, together with the names of any firm,
  partnership or corporation of which the person is known to be a  member,
  partner, officer or director, to the commissioner.