senate Bill S880A

2011-2012 Legislative Session

Authorizes additional tax credits for certain costs incurred in film and television productions in N.Y. city

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Committee


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

do you support this bill?

Actions

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 09, 2012 print number 880a
amend and recommit to investigations and government operations
Jan 04, 2012 referred to investigations and government operations
Jan 05, 2011 referred to investigations and government operations

Bill Amendments

Original
A (Active)
Original
A (Active)

S880 - Details

See Assembly Version of this Bill:
A1377A
Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §1201-a, Tax L; amd Part P §7, Chap 60 of 2004
Versions Introduced in 2009-2010 Legislative Session:
A8805, S5842

S880 - Summary

Authorizes additional tax credits for certain costs incurred in film and television productions in a city having a population of one million or more.

S880 - Sponsor Memo

S880 - Bill Text download pdf

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

                                   880

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by  Sen.  GOLDEN -- 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 and part P of chapter  60  of  the  laws  of
  2004,  amending  the  tax  law  relating  to  the  empire  state  film
  production credit, in relation to authorizing additional  tax  credits
  for  certain  costs  incurred  in film and television productions in 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) the percentage of qualified  production
costs  used to calculate such credit shall be five percent, (B) whenever
such section twenty-four references the state, such words shall be  read
as  referencing  the  city,  (C)  such credit shall be allowed only to a
taxpayer which is a qualified film production company OR QUALIFIED INDE-
PENDENT FILM PRODUCTION COMPANY, and (D)  the  effective  date  of  such
credit  shall  be  July  first,  two  thousand six. Such credit shall be
applied in a manner consistent with the credit allowed under subdivision
thirty-six of section two hundred ten of this chapter except as  may  be
necessary  to  take  into account differences between the general corpo-

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

S880A (ACTIVE) - Details

See Assembly Version of this Bill:
A1377A
Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §1201-a, Tax L; amd Part P §7, Chap 60 of 2004
Versions Introduced in 2009-2010 Legislative Session:
A8805, S5842

S880A (ACTIVE) - Summary

Authorizes additional tax credits for certain costs incurred in film and television productions in a city having a population of one million or more.

S880A (ACTIVE) - Sponsor Memo

S880A (ACTIVE) - Bill Text download pdf

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

                                 880--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations -- recommitted to the Committee on Investigations  and
  Government  Operations  in  accordance  with  Senate Rule 6, sec. 8 --
  committee discharged, bill amended, ordered reprinted as  amended  and
  recommitted to said committee

AN  ACT  to  amend  the  tax law and part P of chapter 60 of the laws of
  2004,  amending  the  tax  law  relating  to  the  empire  state  film
  production  credit,  in relation to authorizing additional tax credits
  for certain costs incurred in film and  television  productions  in  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) the percentage of qualified production
costs used to calculate such credit shall be five percent, (B)  whenever
such  section twenty-four references the state, such words shall be read
as referencing the city, (C) such credit shall  be  allowed  only  to  a
taxpayer which is a qualified film production company OR QUALIFIED INDE-
PENDENT  FILM  PRODUCTION  COMPANY,  and  (D) the effective date of such
credit shall be July first, two  thousand  six.  Such  credit  shall  be

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

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.