N.Y. Comp. Codes R. & Regs. tit. 5 § 230.5
Current through Register Vol. 46, No. 53, December 31, 2024
Section 230.5 - Allocation of Empire State post production tax credit.(a) The Department shall allocate the amount of the credits given for each calendar year in order of priority based upon the date of the approval of an applicant's final application. In the event that an approved applicant's Empire State Post Production Tax Credit would exceed the maximum amount of credits allowed for that given year, the approved applicant's credit will be allocated on a priority basis in the immediately succeeding calendar year. A maximum of $45 million of credits of the annual allocation from the empire state film production tax credit is available for each year starting in calendar years 2024 through 2034.N.Y. Comp. Codes R. & Regs. Tit. 5 § 230.5
Adopted New York State Register August 19, 2015/Volume XXXVII, Issue 33, eff. 8/19/2015Amended New York State Register July 10, 2024/Volume XLVI, Issue 28, eff. 7/10/2024