Repeals the empire state jobs retention program credit

This bill repeals New York's Empire State Jobs Retention Program tax credit, which previously provided tax breaks to businesses that retained or created jobs in the state. It directly affects businesses that had claimed this credit under the existing tax law. The bill removes specific provisions in the tax law and economic development law that established the credit, eliminating the program's legal basis. The repeal takes effect for taxable years beginning January 1st after the law is enacted.