§ 475-a. Additional restaurant return-to-work tax credit. 1. A
business entity in the restaurant return-to-work tax credit program that
applies for the additional restaurant return-to-work credit pursuant to
section four hundred seventy-four of this article may be eligible to
claim a credit equal to five thousand dollars per each full-time
equivalent net employee increase above ten, not to exceed twenty, as
defined in subdivision eight of section four hundred seventy-two of this
article. The amount of the business entity's additional restaurant
return-to-work tax credit shall be calculated by using the date the
business entity chose to calculate its average ending full-time
employment as described in subdivision three of section four hundred
seventy-two of this article. Provided, however, that in calculating the
full-time equivalent net employee increase above ten, the jobs must
continue to exist as of March thirty-first, two thousand twenty-two. A
business entity in the restaurant return-to-work program that ceased
operations on or before March thirty-first, two thousand twenty-two, is
not eligible for the credit provided by this section.

2. A business entity, including a partnership, limited liability
company and subchapter S corporation, may not receive in excess of fifty
thousand dollars in tax credits under this program.

3. The credit shall be allowed as provided in section forty-six-a,
subdivision fifty-six-a of section two hundred ten-B and subsection
(nnn) of section six hundred six of the tax law.