Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 21, 2014 |
tabled vetoed memo.511 |
Nov 10, 2014 |
delivered to governor |
Jun 20, 2014 |
returned to assembly passed senate 3rd reading cal.1681 substituted for s7746 |
Jun 20, 2014 |
substituted by a10049 ordered to third reading cal.1681 committee discharged and committed to rules |
Jun 04, 2014 |
referred to investigations and government operations |
Senate Bill S7746
Vetoed By Governor2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status Via A10049 - Vetoed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Vetoed By Governor
- Signed By Governor
Actions
Votes
2013-S7746 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10049
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§24-a, 210 & 606, Tax L; amd Part HH §5, Chap 59 of 2014
2013-S7746 (ACTIVE) - Sponsor Memo
BILL NUMBER:S7746 TITLE OF BILL: An act to amend the tax law, in relation to establishing a musical and theatrical production business franchise credit; to amend chapter 59 of the laws of 2014, amending the tax law relating to a musical and theatrical production credit, in relation to the effective date thereof; and providing for the repeal of certain provisions upon expiration thereof PURPOSE: Makes the musical and theatrical production business franchise tax credit applicable to the 2014 tax year. SUMMARY OF PROVISIONS: Amends part HH of chapter 59 of the laws of 2014 to make the musical and theatrical production business franchise tax credit applicable to the 2014 tax year. JUSTIFICATION: This bill will amend Chapter 59 of the laws of 2014 to authorize the musical and theatrical production business franchise tax credit be applicable to the 2014 tax year. This will allow qualified production companies who make investments in New York State during this fiscal year eligible to receive the tax credit. LEGISLATIVE HISTORY: New Bill FISCAL IMPLICATIONS: To be determined
2013-S7746 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7746 I N S E N A T E June 4, 2014 ___________ Introduced by Sen. LITTLE -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to establishing a musical and theatrical production business franchise credit; to amend chapter 59 of the laws of 2014, amending the tax law relating to a musical and theatrical production credit, in relation to the effective date there- of; and providing for the repeal of certain provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 1 of subdivision (c) of section 24-a of the tax law, as added by section 1 of part HH of chapter 59 of the laws of 2014, is amended to read as follows: (1) article 9-A: section [210-B] 210: subdivision [47] 50. S 2. Paragraph 1 of subdivision (e) of section 24-a of the tax law, as added by section 1 of part HH of chapter 59 of the laws of 2014, is amended to read as follows: (1) The aggregate amount of tax credits allowed under this section, subdivision [forty-seven] FIFTY of section two hundred [ten-B] TEN and subsection (u) of section six hundred six of this chapter in any calen- dar year shall be four million dollars. Such aggregate amount of credits shall be allocated by the department of economic development among taxpayers in order of priority based upon the date of filing an applica- tion for allocation of musical and theatrical production credit with such department. If the total amount of allocated credits applied for in any particular year exceeds the aggregate amount of tax credits allowed for such year under this section, such excess shall be treated as having been applied for on the first day of the subsequent year. S 3. Section 210 of the tax law is amended by adding a new subdivision 50 to read as follows: 50. MUSICAL AND THEATRICAL PRODUCTION CREDIT. (A) ALLOWANCE OF CREDIT. A TAXPAYER WHO IS ELIGIBLE PURSUANT TO SECTION TWENTY-FOUR-A OF THIS EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15496-02-4
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