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SECTION 506

Cap on tax credit

Economic Development Law (COM) CHAPTER 15, ARTICLE 28

§ 506. 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 twenty 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.