§ 41. Limitations on tax credit eligibility. Any taxpayer who stands
convicted, or who is a shareholder of an S corporation or partner in a
partnership which is convicted, of an offense defined in article two
hundred or four hundred ninety-six or section 195.20 of the penal law
shall not be eligible for any tax credit allowed under article nine,
nine-A, thirty-two or thirty-three of this chapter or any business tax
credit allowed under article twenty-two of this chapter. For purposes of
this section, a business tax credit allowed under article twenty-two of
this chapter is a tax credit allowed to taxpayers under article
twenty-two which is substantially similar to a tax credit allowed to
taxpayers under article nine-A of this chapter. In the event a person or
firm, partnership or corporation is convicted of an offense defined in
article two hundred or four hundred ninety-six or section 195.00 of the
penal law, the office responsible for prosecuting such offense shall
send notice of such conviction, together with the names of any firm,
partnership or corporation of which the person is known to be a member,
partner, officer or director, to the commissioner.