Cap on tax credit

Economic Development Law

Section: 506

Jurisdiction: NY

Bluebook Citation: N.Y. Econ. Dev. Law § 506

§ 506. Cap on tax credit. The total amount of tax credits listed on\ncertificates of tax credit issued by the commissioner for any taxable\nyear may not exceed twenty million dollars, and shall be allotted from\nthe funds available for tax credits under the excelsior jobs program act\npursuant to section three hundred fifty-nine of this chapter.\n

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