senate Bill S7244A

Signed By Governor
2011-2012 Legislative Session

Relates to the allocation of credit for the empire state film production credit; repealer

download bill text pdf

Sponsored By

Archive: Last Bill Status -


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

do you support this legislation?

You must fill out the form below in order to support or oppose this bill. X

You must login or fill out the fields below for the senator to have an accurate account of the support or opposition to this bill.

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.
Use this box to enter a message to your senator.

Actions

view actions (15)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 24, 2012 signed chap.268
Jul 20, 2012 delivered to governor
Jun 18, 2012 returned to senate
passed assembly
ordered to third reading rules cal.327
substituted for a10244a
referred to ways and means
delivered to assembly
passed senate
Jun 05, 2012 advanced to third reading
Jun 04, 2012 2nd report cal.
May 31, 2012 1st report cal.977
May 18, 2012 print number 7244a
amend and recommit to investigations and government operations
May 02, 2012 referred to investigations and government operations

Votes

view votes

May 31, 2012 - Investigations and Government Operations committee Vote

S7244A
7
0
committee
7
Aye
0
Nay
0
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show Investigations and Government Operations committee vote details

Investigations and Government Operations Committee Vote: May 31, 2012

excused (1)

S7244 - Details

See Assembly Version of this Bill:
A10244A
Law Section:
Tax Law
Laws Affected:
Rpld Part P §7, Chap 60 of 2004; amd §§24 & 31, Tax L

S7244 - Summary

Relates to the allocation of credit for the empire state film production credit.

S7244 - Sponsor Memo

S7244 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7244

                            I N  S E N A T E

                               May 2, 2012
                               ___________

Introduced  by  Sen.  DeFRANCISCO -- read twice and ordered printed, and
  when printed to be committed to the Committee  on  Investigations  and
  Government Operations

AN ACT to amend the tax law, in relation to the allocation of credit for
  the  empire  state  film production credit; and to repeal section 7 of
  part P of chapter 60 of the laws of 2004, amending the tax law  relat-
  ing to the empire state film production credit, relating thereto

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 7 of part P of chapter 60  of  the  laws  of  2004,
amending  the tax law relating to the empire state film production cred-
it, is REPEALED.
  S 2. Section 24 of the tax law is amended by adding a new  subdivision
(e) to read as follows:
  (E)  ALLOCATION  OF  CREDIT.  (1)  THE AGGREGATE AMOUNT OF TAX CREDITS
ALLOWED UNDER  THIS  SECTION,  SUBDIVISION  THIRTY-SIX  OF  SECTION  TWO
HUNDRED TEN AND SUBSECTION (GG) OF SECTION SIX HUNDRED SIX OF THIS CHAP-
TER  IN  ANY  CALENDAR  YEAR SHALL BE TWENTY-FIVE MILLION DOLLARS IN TWO
THOUSAND FOUR AND TWO THOUSAND FIVE, SIXTY MILLION DOLLARS IN TWO  THOU-
SAND SIX AND TWO THOUSAND SEVEN, SIXTY-FIVE MILLION DOLLARS IN TWO THOU-
SAND   EIGHT,   SEVENTY-FIVE  MILLION  DOLLARS  IN  TWO  THOUSAND  NINE,
EIGHTY-FIVE MILLION DOLLARS IN TWO THOUSAND TEN, NINETY MILLION  DOLLARS
IN  TWO  THOUSAND  ELEVEN  AND  TWO THOUSAND TWELVE, AND ONE HUNDRED TEN
MILLION DOLLARS IN TWO THOUSAND THIRTEEN. SUCH AGGREGATE AMOUNT OF CRED-
ITS SHALL BE ALLOCATED BY THE GOVERNOR'S OFFICE FOR MOTION  PICTURE  AND
TELEVISION  DEVELOPMENT  AMONG TAXPAYERS IN ORDER OF PRIORITY BASED UPON
THE DATE OF FILING AN APPLICATION  FOR  ALLOCATION  OF  FILM  PRODUCTION
CREDIT  WITH  SUCH  OFFICE.  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.
  (2)  THE  AGGREGATE  AMOUNT  OF  TAX  CREDITS  ALLOWED PURSUANT TO THE
AUTHORITY OF SUBDIVISION (B) OF SECTION TWELVE  HUNDRED  ONE-A  OF  THIS

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

Co-Sponsors

S7244A (ACTIVE) - Details

See Assembly Version of this Bill:
A10244A
Law Section:
Tax Law
Laws Affected:
Rpld Part P §7, Chap 60 of 2004; amd §§24 & 31, Tax L

S7244A (ACTIVE) - Summary

Relates to the allocation of credit for the empire state film production credit.

S7244A (ACTIVE) - Sponsor Memo

S7244A (ACTIVE) - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 7244--A

                            I N  S E N A T E

                               May 2, 2012
                               ___________

Introduced  by  Sen.  DeFRANCISCO -- read twice and ordered printed, and
  when printed to be committed to the Committee  on  Investigations  and
  Government  Operations  -- 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 credit for
  the empire state film production credit; and to repeal  section  7  of
  part  P of chapter 60 of the laws of 2004, amending the tax law relat-
  ing to the empire state film production credit, relating thereto

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section  7  of  part P of chapter 60 of the laws of 2004,
amending the tax law relating to the empire state film production  cred-
it, is REPEALED.
  S  2. Section 24 of the tax law is amended by adding a new subdivision
(e) to read as follows:
  (E) ALLOCATION OF CREDIT. (1) THE  AGGREGATE  AMOUNT  OF  TAX  CREDITS
ALLOWED  UNDER  THIS  SECTION,  SUBDIVISION  THIRTY-SIX  OF  SECTION TWO
HUNDRED TEN AND SUBSECTION (GG) OF SECTION SIX HUNDRED SIX OF THIS CHAP-
TER IN ANY CALENDAR YEAR SHALL BE TWENTY-FIVE  MILLION  DOLLARS  IN  TWO
THOUSAND  FOUR AND TWO THOUSAND FIVE, SIXTY MILLION DOLLARS IN TWO THOU-
SAND SIX AND TWO THOUSAND SEVEN, SIXTY-FIVE MILLION DOLLARS IN TWO THOU-
SAND  EIGHT,  SEVENTY-FIVE  MILLION  DOLLARS  IN  TWO   THOUSAND   NINE,
EIGHTY-FIVE  MILLION DOLLARS IN TWO THOUSAND TEN, NINETY MILLION DOLLARS
IN TWO THOUSAND ELEVEN AND TWO THOUSAND  TWELVE,  AND  ONE  HUNDRED  TEN
MILLION DOLLARS IN TWO THOUSAND THIRTEEN. SUCH AGGREGATE AMOUNT OF CRED-
ITS  SHALL  BE ALLOCATED BY THE GOVERNOR'S OFFICE FOR MOTION PICTURE AND
TELEVISION DEVELOPMENT AMONG TAXPAYERS IN ORDER OF PRIORITY  BASED  UPON
THE  DATE  OF  FILING  AN  APPLICATION FOR ALLOCATION OF FILM PRODUCTION
CREDIT WITH SUCH OFFICE.  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.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15574-05-2

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.