Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Apr 04, 2014 |
print number 5621a |
Apr 04, 2014 |
amend and recommit to ways and means |
Jan 08, 2014 |
referred to ways and means |
Mar 04, 2013 |
referred to ways and means |
Assembly Bill A5621A
2013-2014 Legislative Session
Sponsored By
ENGLEBRIGHT
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
2013-A5621 - Details
2013-A5621 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5621 2013-2014 Regular Sessions I N A S S E M B L Y March 4, 2013 ___________ Introduced by M. of A. ENGLEBRIGHT -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to the allocation of such cred- it against taxes for certain film production costs issued by a city having a population of one million or more THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision (b) of section 1201-a of the tax law, as amended by section 5 of part Y of chapter 62 of the laws of 2006, is amended to read as follows: (b) Empire state film production credit. Any city in this state having a population of one million or more, acting through its local legisla- tive body, is hereby authorized to adopt and amend local laws to allow a credit against the general corporation tax and the unincorporated busi- ness tax imposed pursuant to the authority of chapter seven hundred seventy-two of the laws of nineteen hundred sixty-six which shall be substantially identical to the credit allowed under section twenty-four of this chapter, except that: (A) (I) the percentage of qualified production costs used to calculate such credit shall be [five] FOUR percent, (II) FOR A TELEVISION SERIES WITH RESPECT TO WHICH A CREDIT HAS BEEN ALLOWED (1) IN THREE TAXABLE YEARS, THE AMOUNT OF THE CREDIT SHALL BE THREE PERCENT, (2) IN FOUR TAXABLE YEARS, THE AMOUNT OF THE CREDIT SHALL BE TWO PERCENT, AND (III) NO CREDIT SHALL BE ALLOWED WITH RESPECT TO A TELEVISION SERIES FOR WHICH A CREDIT HAS BEEN ALLOWED IN FIVE TAXABLE YEARS; (B) SUCH CREDIT SHALL NOT EXCEED TWO HUNDRED FIFTY THOUSAND DOLLARS PER QUALIFIED FILM OR EPISODE OF A QUALIFIED TELEVISION SERIES WITH RESPECT TO QUALIFIED PRODUCTION COSTS; PROVIDED, HOWEVER, THAT IF THE QUALIFIED POST PRODUCTION COSTS PAID OR INCURRED WHICH ARE ATTRIBUTABLE TO THE USE OF TANGIBLE PROPERTY OR THE PERFORMANCE OF SERVICES AT A FILM EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05563-01-3
2013-A5621A (ACTIVE) - Details
2013-A5621A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5621--A 2013-2014 Regular Sessions I N A S S E M B L Y March 4, 2013 ___________ Introduced by M. of A. ENGLEBRIGHT -- read once and referred to the Committee on Ways and Means -- recommitted to the Committee on Ways and Means in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to the allocation of such cred- it against taxes for certain film production costs issued by a city having a population of one million or more THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision (b) of section 1201-a of the tax law, as amended by section 5 of part Y of chapter 62 of the laws of 2006, is amended to read as follows: (b) Empire state film production credit. Any city in this state having a population of one million or more, acting through its local legisla- tive body, is hereby authorized to adopt and amend local laws to allow a credit against the general corporation tax and the unincorporated busi- ness tax imposed pursuant to the authority of chapter seven hundred seventy-two of the laws of nineteen hundred sixty-six which shall be substantially identical to the credit allowed under section twenty-four of this chapter, except that: (A) (I) the percentage of qualified production costs used to calculate such credit shall be [five] FOUR percent, (II) FOR A TELEVISION SERIES WITH RESPECT TO WHICH A CREDIT HAS BEEN ALLOWED (1) IN THREE TAXABLE YEARS, THE AMOUNT OF THE CREDIT SHALL BE THREE PERCENT, (2) IN FOUR TAXABLE YEARS, THE AMOUNT OF THE CREDIT SHALL BE TWO PERCENT, AND (III) NO CREDIT SHALL BE ALLOWED WITH RESPECT TO A TELEVISION SERIES FOR WHICH A CREDIT HAS BEEN ALLOWED IN FIVE TAXABLE YEARS; (B) SUCH CREDIT SHALL NOT EXCEED TWO HUNDRED FIFTY THOUSAND DOLLARS PER QUALIFIED FILM OR EPISODE OF A QUALIFIED TELEVISION SERIES WITH EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05563-03-4
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