N.Y. Economic Development Law § 446: Cap on tax credit

* § 446. Cap on tax credit. The total amount of tax credits listed on

certificates of tax credit issued by the commissioner for any taxable

year may not exceed five million dollars, and shall be allotted from the

funds available for tax credits under the excelsior jobs program act

pursuant to section three hundred fifty-nine of this chapter, provided

however, that the portion of this tax credit cap allocated to internship

programs in advanced technology shall be not less than two hundred fifty

thousand dollars nor more than one million dollars.

* NB Repealed December 31, 2028