New York Codes, Rules and Regulations
Title 5 - DEPARTMENT OF ECONOMIC DEVELOPMENT
Chapter XVIII - Empire State Commercial Production Credit Program
Part 180 - Empire State Commercial Production Credit Program
Section 180.4 - Criteria for evaluation of applications
Universal Citation: 5 NY Comp Codes Rules and Regs ยง 180.4
Current through Register Vol. 46, No. 12, March 20, 2024
(a) In the event that any of the following criteria are not met, the department shall disapprove the application. The department shall determine whether:
(1) the application is substantially
complete; for the purpose of this section an application must reflect all the
applicant's qualified commercial work done within the calendar year for which
the applicant is applying, and an applicant may not add additional commercial
work to his or her application after it has been submitted to the
department;
(2) the applicant is a
qualified commercial production company or a sole proprietor of a qualified
commercial production company which is subject to tax or the partners or
members of which are subject to tax under article 9A or 22 of the Tax
Law;
(3) at least 75 percent of the
production costs (excluding post-production) paid or incurred directly or
predominantly in the actual filming or recording of each qualified commercial
must be qualified production costs;
(4) the qualified production costs listed on
the application correspond to one or more of the department's two component
programs as established by section
28(a)(2)(i) and (ii) of the
Tax Law and meet their individual criteria established in section
180.5
of this Part; and
(5) the applicant
did not knowingly submit false or misleading information to the
department.
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