Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 28, 2014 |
reported and committed to finance |
Jan 24, 2014 |
print number 5370a |
Jan 24, 2014 |
amend and recommit to investigations and government operations |
Jan 08, 2014 |
referred to investigations and government operations |
May 16, 2013 |
referred to investigations and government operations |
Senate Bill S5370A
2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Finance 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
Votes
Bill Amendments
co-Sponsors
(D, WF) 28th Senate District
2013-S5370 - Details
- See Assembly Version of this Bill:
- A7373
- Current Committee:
- Senate Finance
- Law Section:
- Tax Law
- Laws Affected:
- Amd §24, Tax L
- Versions Introduced in 2013-2014 Legislative Session:
-
S5370, A7373
2013-S5370 - Sponsor Memo
BILL NUMBER:S5370 TITLE OF BILL: An act to amend the tax law, in relation to eligibility for the empire state film production credit PURPOSE: Includes writer salaries and fees within production costs eligible for the empire state film production credit. SUMMARY OF PROVISIONS: Section 1. provides for the allowance of credit. Section 2. Modifies the definition of "qualified production costs" to include writer's fees and services. Defines "writer" for purposes of the Empire State Film Production Credit. Section 3. Outlines criteria to qualify as eligible production costs including requirements for writer residency, and a cap of 550,000 per writer on the amount of the credit that may be claimed by a qualified taxpayer where that writer is a minority group member or a woman. Places a cap of 55 million of the Empire State Film Production that may be used for writers. Section 4. This bill shall take effect one hundred twentieth day after it shall have become a law.
2013-S5370 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5370 2013-2014 Regular Sessions I N S E N A T E May 16, 2013 ___________ Introduced by Sen. HANNON -- 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 eligibility for the empire state film production credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 1 of subdivision (a) of section 24 of the tax law, as amended by section 3 of part Q of chapter 57 of the laws of 2010, is amended to read as follows: (1) Allowance of credit. A taxpayer which is a qualified film production company, or a qualified independent film production company, or which is a sole proprietor of or a member of a partnership which is a qualified film production company or a qualified independent film production company, and which is subject to tax under articles nine-A or twenty-two of this chapter, shall be allowed a credit against such tax, pursuant to the provisions referenced in subdivision [(c)] (E) of this section, to be computed as [hereinafter] provided IN THIS SECTION. S 2. Paragraph 2 of subdivision (b) of section 24 of the tax law, as added by section 1 of part P of chapter 60 of the laws of 2004, is amended and a new paragraph 9 is added to read as follows: (2) "Production costs" means any costs for tangible property used and services performed directly and predominantly in the production (includ- ing pre-production and post production) of a qualified film. "Production costs" shall not include [(i) costs for a story, script or scenario to be used for a qualified film and (ii)] wages or salaries or other compensation for writers, directors, including music directors, producers and performers (other than background actors with no scripted lines). WRITERS' FEES AND SALARIES SHALL BE ELIGIBLE PRODUCTION COSTS SUBJECT TO THE PROVISIONS OF SUBDIVISION (C) OF THIS SECTION; PROVIDED, HOWEVER, THAT FEES THAT ARE BASED ON DEFERRED, LEVERAGED OR PROFIT EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10927-01-3
co-Sponsors
(D) 15th Senate District
(D) Senate District
(D, WF) Senate District
(D, WF) 47th Senate District
2013-S5370A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7373
- Current Committee:
- Senate Finance
- Law Section:
- Tax Law
- Laws Affected:
- Amd §24, Tax L
- Versions Introduced in 2013-2014 Legislative Session:
-
S5370, A7373
2013-S5370A (ACTIVE) - Sponsor Memo
BILL NUMBER:S5370A TITLE OF BILL: An act to amend the tax law, in relation to eligibility for the empire state film production credit PURPOSE: Includes writer salaries and fees within production costs eligible for the empire state film production credit. SUMMARY OF PROVISIONS: Section 1. Provides for the allowance of credit. Section 2. Modifies the definition of "qualified production costs" to include writer's fees and services. Defines "writer" for purposes of the Empire State Film Production Credit. Section 3. Outlines criteria to qualify as eligible production costs including requirements for writer residency, and either a cap of $50,000 per writer on the amount of the credit that may be claimed by a qualified taxpayer where that writer is a minority group member or a woman. Places a cap of $3.5 million of the Empire State Film Production that may be used for writers. Section 4. This act shall take effect one hundred twentieth day after
2013-S5370A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5370--A 2013-2014 Regular Sessions I N S E N A T E May 16, 2013 ___________ Introduced by Sens. HANNON, KRUEGER -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations -- recommitted to the Committee on Investi- gations 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, in relation to eligibility for the empire state film production credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 1 of subdivision (a) of section 24 of the tax law, as amended by section 3 of part Q of chapter 57 of the laws of 2010, is amended to read as follows: (1) Allowance of credit. A taxpayer which is a qualified film production company, or a qualified independent film production company, or which is a sole proprietor of or a member of a partnership which is a qualified film production company or a qualified independent film production company, and which is subject to tax under articles nine-A or twenty-two of this chapter, shall be allowed a credit against such tax, pursuant to the provisions referenced in subdivision [(c)] (E) of this section, to be computed as [hereinafter] provided IN THIS SECTION. S 2. Paragraph 2 of subdivision (b) of section 24 of the tax law, as added by section 1 of part P of chapter 60 of the laws of 2004, is amended and a new paragraph 9 is added to read as follows: (2) "Production costs" means any costs for tangible property used and services performed directly and predominantly in the production (includ- ing pre-production and post production) of a qualified film. "Production costs" shall not include [(i) costs for a story, script or scenario to be used for a qualified film and (ii)] wages or salaries or other compensation for writers, directors, including music directors, producers and performers (other than background actors with no scripted EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10927-02-4
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