§ 7-05 Allocation of New York City Made In New York Film Production Tax Credit.
RCNY § 7-05
The Office shall allocate the amount of the credits allocated for each calendar year in order of priority based upon an applicant's effective date. In the event that an approved applicant's New York City Made In New York production tax credit would exceed the maximum amount of credits allowed for that given year, the approved applicant will be allocated credits on a priority basis in the immediately succeeding calendar year. A maximum of $12.5 million of credits may be allocated in 2004 and 2005, and $30 million in 2006 through 2011.
