Revocation of the election to participate in the Employer Compensation Expense Program (ECEP) (Article 24)

If an employer has determined it no longer wishes to participate in ECEP for a calendar year that it has already elected to participate, it may request to revoke the election for that calendar year provided it:

has not made any required Employer Compensation Expense Tax (ECET) payments (EC-1) to the Tax Department for that calendar year;

has not filed any required quarterly ECET returns (EC-100) for that calendar year; and

has submitted a request to revoke the election to participate in ECEP no later than January 15 of that calendar year.

For more information, see Revoking the Employer Compensation Expense Program (ECEP) employer election .

[Part X of Chapter 56 of the Laws of 2020; Tax Law § 851]