senate Bill S498

2013-2014 Legislative Session

Amends the empire state film production credit to provide differing percentages of credit depending on which county the production costs are paid or incurred in

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Sponsored By

Archive: Last Bill Status -


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

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to investigations and government operations
Jan 09, 2013 referred to investigations and government operations

S498 - Details

Law Section:
Tax Law
Laws Affected:
Amd ยง24, Tax L

S498 - Summary

Amends the empire state film production credit to provide differing percentages of credit depending on which county the production costs are paid or incurred in during the production of qualifying films.

S498 - Sponsor Memo

S498 - Bill Text download pdf

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

                                   498

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by Sen. GALLIVAN -- 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 amending  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 2 of subdivision (a) of section  24  of  the  tax
law,  as  amended  by  section  4 of part Q of chapter 57 of the laws of
2010, is amended to read as follows:
  (2) The amount of the  credit  shall  be  the  [product]  SUM  OF  THE
PRODUCTS (or pro rata share of the product, in the case of a member of a
partnership)  of:  (I) thirty percent [and] FOR the qualified production
costs paid or incurred in THE COUNTIES OF BRONX, KINGS, NEW YORK, QUEENS
OR  RICHMOND  DURING  the  production  of  a  qualified  film[,];   (II)
THIRTY-FIVE  PERCENT FOR THE QUALIFIED PRODUCTION COSTS PAID OR INCURRED
IN THE COUNTIES OF DUTCHESS, NASSAU, ORANGE, PUTNAM, ROCKLAND,  SUFFOLK,
SULLIVAN,  ULSTER  OR  WESTCHESTER, DURING THE PRODUCTION OF A QUALIFIED
FILM; (III) FORTY PERCENT FOR THE QUALIFIED  PRODUCTION  COSTS  PAID  OR
INCURRED  IN THE COUNTIES OF ALBANY, COLOMBIA, GREENE, RENSSELAER, SARA-
TOGA, SCHENECTADY, WARREN OR WASHINGTON DURING THE PRODUCTION OF A QUAL-
IFIED FILM; AND (IV) FORTY-FIVE PERCENT  FOR  THE  QUALIFIED  PRODUCTION
COSTS  PAID  OR  INCURRED IN ALL COUNTIES NOT REFERENCED IN SUBPARAGRAPH
(I), (II) OR (III) OF THIS PARAGRAPH DURING THE PRODUCTION OF  A  QUALI-
FIED  FILM;  provided  that:  [(i)]  (1)  the qualified production costs
(excluding post production costs) paid or incurred which  are  attribut-
able to the use of tangible property or the performance of services at a
qualified  film  production facility in the production of such qualified
film equal or  exceed  seventy-five  percent  of  the  production  costs
(excluding  post  production costs) paid or incurred which are attribut-

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

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