Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 16, 2016 |
referred to ways and means |
Jun 15, 2016 |
delivered to assembly passed senate ordered to third reading cal.1815 committee discharged and committed to rules |
Jun 09, 2016 |
print number 3401a |
Jun 09, 2016 |
amend and recommit to investigations and government operations |
Jan 06, 2016 |
referred to investigations and government operations |
Feb 06, 2015 |
referred to investigations and government operations |
Senate Bill S3401A
2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Assembly 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) 33rd Senate District
2015-S3401 - Details
2015-S3401 - Sponsor Memo
BILL NUMBER:S3401 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 $50,000 per writer on the amount of the credit that may be claimed by a qualified taxpayer. Places a cap of $3.5 million of the Empire State Film Production that may be used for writers.
2015-S3401 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3401 2015-2016 Regular Sessions I N S E N A T E February 6, 2015 ___________ 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. LBD08480-01-5
co-Sponsors
(D, WF) 33rd Senate District
2015-S3401A (ACTIVE) - Details
2015-S3401A (ACTIVE) - Sponsor Memo
BILL NUMBER: S3401A TITLE OF BILL : An act to amend the tax law, in relation to eligibility for the empire state film production credit PURPOSE : Includes writers and directors 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 and director'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's or director's residency and a cap of $50,000 per writer or director on the amount of the credit that may be claimed by a qualified taxpayer. Places a cap of $5 million of the Empire State Film Production that may be used for writers or directors.
2015-S3401A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3401--A 2015-2016 Regular Sessions I N S E N A T E February 6, 2015 ___________ Introduced by Sens. HANNON, RIVERA -- 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 two new paragraphs 9 and 10 are 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. LBD08480-02-6
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. 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.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.