Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 04, 2016 |
approval memo.9 signed chap.420 |
Oct 24, 2016 |
delivered to governor |
Jun 15, 2016 |
returned to senate passed assembly ordered to third reading cal.820 substituted for a9415 |
Jun 14, 2016 |
referred to ways and means delivered to assembly passed senate ordered to third reading cal.1736 committee discharged and committed to rules |
Jun 02, 2016 |
reported and committed to finance |
Mar 14, 2016 |
referred to investigations and government operations |
Senate Bill S6987
Signed By Governor2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - Signed by Governor
- 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
co-Sponsors
(R, C, IP) Senate District
(R, C) Senate District
(R, C, IP) Senate District
(R, C, IP) Senate District
2015-S6987 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9415
- Law Section:
- Tax Law
- Laws Affected:
- Amd ยง24, Tax L
2015-S6987 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6987 TITLE OF BILL : An act to amend the tax law, in relation to increasing the number of counties in which services can be performed to qualify for the empire state film production credit PURPOSE : The purpose of this legislation is to create an additional 10% Film Production Tax Credit for the counties that are both outside of the New York City studio zone and ineligible for the current 10% incentive. SUMMARY OF PROVISIONS : Section 1: Amends paragraph 5 of subdivision (a) of section 24 of the tax law to include additional counties in the 10% Film Production Tax Credit. Section 2: Sets the effective date. JUSTIFICATION : In an effort to boost film production in other parts of the state, particularly economically struggling upstate New York, the 2013-14 state budget created an additional 10% Film Production Tax Credit for
2015-S6987 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6987 I N S E N A T E March 14, 2016 ___________ Introduced by Sens. AMEDORE, LARKIN, MARCHIONE -- read twice and ordered printed, and when printed to be committed to the Committee on Investi- gations and Government Operations AN ACT to amend the tax law, in relation to increasing the number of counties in which services can be performed to qualify 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 5 of subdivision (a) of section 24 of the tax law, as amended by section 1 of part JJ of chapter 59 of the laws of 2014, is amended to read as follows: (5) For the period two thousand fifteen through two thousand nineteen, in addition to the amount of credit established in paragraph two of this subdivision, a taxpayer shall be allowed a credit equal to the product (or pro rata share of the product, in the case of a member of a partner- ship) of ten percent and the amount of wages or salaries paid to indi- viduals directly employed (excluding those employed as writers, direc- tors, music directors, producers and performers, including background actors with no scripted lines) by a qualified film production company or a qualified independent film production company for services performed by those individuals in one of the counties specified in this paragraph in connection with a qualified film with a minimum budget of five hundred thousand dollars. For purposes of this additional credit, the services must be performed in one or more of the following counties: Albany, Allegany, Broome, Cattaraugus, Cayuga, Chautauqua, Chemung, Chenango, Clinton, COLUMBIA, Cortland, Delaware, DUTCHESS, Erie, Essex, Franklin, Fulton, Genesee, GREENE, Hamilton, Herkimer, Jefferson, Lewis, Livingston, Madison, Monroe, Montgomery, Niagara, Oneida, Onondaga, Ontario, ORANGE, Orleans, Oswego, Otsego, PUTNAM, RENSSELAER, SARATOGA, Schenectady, Schoharie, Schuyler, Seneca, St. Lawrence, Steuben, SUFFOLK, SULLIVAN, Tioga, Tompkins, ULSTER, WARREN, WASHINGTON, Wayne, Wyoming, or Yates. The aggregate amount of tax credits allowed pursuant to the authority of this paragraph shall be five million dollars each year during the period two thousand fifteen through two thousand nine- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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