Section 8716.1-D - Reissuance of Film Production Tax Credits(a)Reissuance.--In any fiscal year, the department may reissue a tax credit which meets all of the following:(1) The tax credit was approved under section 1712-D(b).(2) The contract was signed under section 1712-D(c).(3) The tax credit was awarded and a certificate was issued under section 1712-D(d).(4) If an individual film that was issued a tax credit as part of a multifilm production application is canceled, the department may reissue that tax credit only after allowing the taxpayer or the taxpayer's affiliate 90 days to submit an application for an alternative individual film, produced by the taxpayer or the taxpayer's affiliate for that tax credit. The department may approve or reject the application. (b)Amount.--The amount of a tax credit to be reissued shall be calculated as the difference between the amounts in subsection (a)(1) and (3).(c)Applicability.--This section shall apply to a tax credit awarded under this article in any fiscal year beginning after June 30, 2017.Amended by P.L. TBD 2022 No. 53, § 11, eff. 7/8/2022.Amended by P.L.1242021 No. 25, § 16, eff. 7/30/2021.Added by P.L. TBD 2016 No. 84, § 28.1, eff. 7/13/2016.