New York Codes, Rules and Regulations
Title 5 - DEPARTMENT OF ECONOMIC DEVELOPMENT
Chapter XXVI - Life Sciences Research and Development
Part 260 - Life Sciences Research and Development Tax Credit Program
Section 260.7 - Maximum amount of credits
Universal Citation: 5 NY Comp Codes Rules and Regs ยง 260.7
Current through Register Vol. 46, No. 12, March 20, 2024
Maximum amount of credits.The aggregate amount of tax credits allowed under section 43 of the Tax Law to taxpayers subject to tax under articles 9-A and 22 of the Tax Law in any taxable year shall be $10,000,000, and shall be allotted from the funds available for tax credits under article 17 of the Economic Development Law.
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