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N.Y. LAB Law § 772

This is the official text of N.Y. LAB Law § 772, part of New York’s LAB Law — part of the compiled statutory law of New York, published by the state as "LAB Law." Browse the sections below, each linked to its official government source.

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Grants, guaranteed loans and tax benefits

Official statutory text

§ 772. Grants, guaranteed loans and tax benefits. 1. Except as\nprovided in subdivision four of this section and notwithstanding any\nother provision of law, a call center employer that appears on the list\ndescribed in section seven hundred seventy-one of this article shall be\nineligible to enter into any agreements for any state grants or state\nguaranteed loans for a period of five years from the date such list is\npublished.\n 2. Except as provided in subdivision four of this section and\nnotwithstanding any other provision of law, a call center employer that\nappears on the list described in section seven hundred seventy-one of\nthis article shall remit the unamortized value of any state grant or\nstate guaranteed loans it has previously received for the call center\nappearing on the list, if the agreement for such grants and loans was\nentered into after the effective date of this article. Nothing in this\nsubdivision shall be deemed to prevent the call center employer from\nreceiving any grant to provide training or other employment assistance\nto individuals who are selected as being in particular need of training\nor other employment assistance due to the transfer or relocation of the\ncall center employer's facility or operating units.\n 3. Except as provided in subdivision four of this section and\nnotwithstanding any other provision of law, a call center employer that\nappears on the list described in section seven hundred seventy-one of\nthis article shall not be allowed any tax credit described in\nsubdivision (c) of section seven hundred seventy of this article for the\nfive taxable years, excluding short taxable years, immediately\nsucceeding the taxable year in which the call center first appears on\nsuch list, if the agreement for such tax credit was entered into after\nthe effective date of this article.\n 4. The commissioner, in consultation with the appropriate agency\nproviding a loan, grant or tax credit may waive the requirement provided\nunder subdivision one, two or three of this section if the call center\nemployer demonstrates that such requirement would:\n (a) threaten state or national security;\n (b) result in substantial actual or potential job loss in the state of\nNew York; or\n (c) harm the environment.\n If the commissioner waives such requirement, such commissioner shall\npromptly notify the commissioner of taxation and finance of such waiver.\n

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.