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What is NYC RCNY § 7-03?

Quick Answer

For the purposes of this Chapter, only an authorized applicant shall be eligible to apply for the New York City Made In New York film production tax credit. (a) Initial application.

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§ 7-03 Application Process.

RCNY § 7-03

For the purposes of this Chapter, only an authorized applicant shall be eligible to apply for the New York City Made In New York film production tax credit.

(a)Initial application.

(1)An authorized applicant shall submit an initial application to the Office prior to the start of principal and ongoing photography.

(2)The authorized applicant shall have an interview with the Office to discuss the details of the initial application. A producer and either the line producer, unit production manager, production accountant or their designee, approved by the Office, shall attend such meeting.

(3)The Office shall approve or disapprove the initial application based upon criteria set forth in 43 RCNY § 7-06(a).

(4)If the initial application is approved, the Office shall issue a certificate of conditional eligibility to the authorized applicant. The Office shall provide a copy of such certificate of conditional eligibility to the Department of Finance. If the initial application is disapproved, the Office shall provide the authorized applicant with a notice of disapproval which shall state the reasons therefor. Such disapproval shall be a rejection of the authorized applicant's initial application. If the initial application is disapproved as premature, an authorized applicant may resubmit the application.

(5)Applications shall be reviewed by the Office in the order they are received.

(b)Notification. The approved applicant shall notify the Office, in writing, on the date principal and ongoing photography begins on the qualified film. In addition, the approved applicant shall provide a sign off budget or its equivalent and other supporting documents requested by the Office on this date.

(c)Final application.

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