NY S08063

Extends the deadline for businesses to obtain eligibility certification for existing relocation and employment assistance tax credit programs from July 1, 2025 to July 1, 2028

Creates a new "Relocation Assistance Credit Per Employee" program offering $5,000 tax credit per eligible employee for businesses relocating from outside New York State to New York City

Limits eligibility to businesses that have operated outside New York State for at least 24 consecutive months prior to relocating, with credits available for up to 11 consecutive taxable years

Caps the program at 3,000 total maximum approved employment shares across all participating businesses, with individual businesses limited to 500 employment shares each

Requires eligible premises to be at least 10,000 square feet of non-residential space, and excludes retail activities and hotel services from receiving credits