NY S05916

Extends the deadline for issuing eligibility certifications for relocation and employment assistance tax credits from July 1, 2017 to July 1, 2021 in four separate statutes covering general city law and New York City administrative code provisions.

Applies the extended deadline to eligible businesses and special eligible businesses seeking tax credits for premises improvements and relocations in New York City and the eligible Lower Manhattan area.

Maintains existing requirements that businesses must have purchased or leased premises, commenced improvements, submitted preliminary applications, and relocated within 36 months (or 72 months if improvements exceed $50 million) to qualify for credits.

Takes effect immediately upon enactment.