N.Y. COM Law § 503

§ 503. Application and approval process. 1. A business entity must\nsubmit a completed application in such form and with such information as\nprescribed by the commissioner.\n 2. As part of such application, each business entity must:\n (a) provide such documentation as the commissioner may require in\norder for the commissioner to determine that the business entity intends\nto conduct eligible training or procure eligible training for its\nemployees from an approved provider;\n (b) agree to allow the department of taxation and finance to share its\ntax information with the department. However, any information shared as\na result of this agreement shall not be available for disclosure or\ninspection under the state freedom of information law;\n (c) agree to allow the department of labor to share its tax and\nemployer information with the department. However, any information\nshared as a result of this agreement shall not be available for\ndisclosure or inspection under the state freedom of information law;\n (d) allow the department and its agents access to any and all books\nand records the department may require to monitor compliance; and\n (e) agree to allow the department and the department of taxation and\nfinance to share and exchange information contained in or derived from\nthe applications for admission into the semiconductor manufacturing\nworkforce training incentive program and the credit claim forms\nsubmitted to the department of taxation and finance. However, any\ninformation shared as a result of this agreement shall not be available\nfor disclosure or inspection under the state freedom of information law.\n 3. The commissioner may approve an application from a business entity\nupon determining that such business entity meets the eligibility\ncriteria established in section five hundred two of this article.\nFollowing approval by the commissioner of an application by a business\nentity to participate in the semiconductor manufacturing workforce\ntraining incentive program, the commissioner shall issue a certificate\nof tax credit to the business entity upon its demonstrating successful\ncompletion of such eligible training to the satisfaction of the\ncommissioner. For eligible training as defined by subdivision two of\nsection five hundred one of this article the amount of the credit shall\nbe equal to seventy-five percent of wages, salaries or other\ncompensation, training costs, and wrap around services, up to a credit\nof twenty-five thousand dollars per employee receiving eligible\ntraining, up to one million dollars per eligible non-semiconductor\nmanufacturing business and up to five million dollars per eligible\nsemiconductor manufacturing business. The tax credits shall be claimed\nby the qualified employer as specified in subdivision sixty-two of\nsection two hundred ten-B and subsection (rrr) of section six hundred\nsix of the tax law.\n