|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Mar 11, 2014||referred to commerce, economic development and small business|
senate Bill S6792
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S6792 - Details
- See Assembly Version of this Bill:
- Current Committee:
- Law Section:
- Economic Development Law
- Laws Affected:
- Amd §433, Ec Dev L; add §16-w, UDC Act; add §39-c, Tax L
S6792 - Summary
Relates to enacting the New York state digital game development and incentive act to enhance opportunities in the gaming industry through grants and tax incentives.
S6792 - Sponsor Memo
BILL NUMBER:S6792 TITLE OF BILL: An act to amend the economic development law, the urban development corporation act and the tax law, in relation to establishing the New York state digital game development and incentive act PURPOSE: To incentivize rapid growth and job creation in the digital game development industry SUMMARY OF PROVISIONS: Section 1. Legislative intent § 2. New section 433 of the economic development law to allow the commissioner to issue a certificate of eligibility for an eligible production by an anchor tenant in a game cluster. The credit (detailed later) is for 15% of eligible costs. § 3. New 16-w in the urban development corporation act, the NYS digital game development and incentive act. Key provisions: Development using existing & new incentives * Create NYS Digital Game development Advisory Board 12 members from the industry, the academy, and entrepreneurs, appointed by the Governor and the Legislature.
S6792 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6792 I N S E N A T E March 11, 2014 ___________ Introduced by Sens. GOLDEN, GALLIVAN, BALL, GRIFFO, ROBACH, VALESKY -- read twice and ordered printed, and when printed to be committed to the Committee on Commerce, Economic Development and Small Business AN ACT to amend the economic development law, the urban development corporation act and the tax law, in relation to establishing the New York state digital game development and incentive act THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative intent. The legislature hereby finds that the educational and entertainment game industry makes up a large and rapidly growing share of the national and world economy, outselling movies, music, and DVDs; that its diversity includes entertainment and educa- tional games, triple-A games and apps, large and small companies, indi- vidual entrepreneurs, and a strong higher education academic component; that it pays high annual average salaries to its employees; and that its audience is adult and large, with 58 percent of Americans playing video games, 45 percent of whom are female players, and that the average age of a game player is 30 years old and the average age of most frequent game purchasers is 35 years old. The legislature further finds that New York's game development and publishing companies are among the foremost in the country and that its academic game design institutions are cited as among the country's best, yet it lags other states in industry jobs, opportunities, and economics, ranking 4th among states as of 2009 with a contribution of 268.8 million dollars to the economy, and 5,474 direct and indirect jobs, behind Cali- fornia, where the industry contributes 2.2 billion dollars to the econo- my, Washington with a contribution of 480 million dollars, and Texas with a contribution of 492 million dollars; that many students leave New York to seek opportunities for creative work in other states; and that companies are moving employees to areas that make more economic sense to their bottom lines, despite a stated desire to stay in New York. The legislature further finds and declares, based in discussions and interviews with game development and publishing industry leaders, academics, entrepreneurs, and students, that provisions of existing EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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