Cap on tax credit

N.Y. Economic Development Law § 429, under Empire State Jobs Retention Program.

N.Y. Economic Development Law § 429

§ 429. 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 the limitations set forth in section three hundred fifty-nine of this chapter, and shall be allotted from the funds available for tax credits under the excelsior jobs program act.