Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2020 |
referred to rules returned to senate died in assembly |
Jan 15, 2019 |
referred to ways and means delivered to assembly passed senate |
Jan 14, 2019 |
ordered to third reading cal.20 |
Jan 11, 2019 |
referred to rules |
Senate Bill S1277
2019-2020 Legislative Session
Sponsored By
(D) 26th Senate District
Archive: Last Bill Status - In Senate Committee Rules 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
2019-S1277 (ACTIVE) - Details
- Current Committee:
- Senate Rules
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§28, 210-B & 606, Tax L
- Versions Introduced in 2019-2020 Legislative Session:
-
S1277
2019-S1277 (ACTIVE) - Sponsor Memo
BILL NUMBER: S1277 SPONSOR: GOUNARDES TITLE OF BILL: An act to amend the tax law, in relation to extending the empire state commercial production tax credit PURPOSE: This is a chapter amendment that makes changes to provisions of L.2018, c.518, to amend the length of the extension of the empire state commer- cial production tax credit SUMMARY OF PROVISIONS: Section 1 of the chapter amendment amends subdivision (a) of section 28 of the tax law to extend the credit to the end of tax year 2020. Section 2 of the chapter amendment amends paragraph (c) of subdivision 23 of section 210-B of the tax law to extend the credit to the end of
2019-S1277 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1277 2019-2020 Regular Sessions I N S E N A T E January 11, 2019 ___________ Introduced by Sen. GOUNARDES -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the tax law, in relation to extending the empire state commercial production tax 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 28 of the tax law, as amended by a chapter of the laws of 2018, amending the tax law relating to extending the empire state commercial production tax credit, as proposed in legislative bills numbers A. 10768 and S. 8465, is amended to read as follows: (1) A taxpayer which is a qualified commercial production company, or which is a sole proprietor of a qualified commercial production company, and which is subject to tax under article nine-A or twenty-two of this chapter, shall be allowed a credit against such tax, pursuant to the provisions referenced in subdivision (c) of this section, to be computed as provided in this section. Provided, however, to be eligible for such credit, at least seventy-five percent of the production costs (excluding post production costs) paid or incurred directly and predominantly in the actual filming or recording of the qualified commercial must be costs incurred in New York state. The tax credit allowed pursuant to this section shall apply to taxable years beginning before January first, two thousand [twenty-four] TWENTY. § 2. Paragraph (c) of subdivision 23 of section 210-B of the tax law, as amended by a chapter of the laws of 2018, amending the tax law relat- ing to extending the empire state commercial production tax credit, as proposed in legislative bills numbers A. 10768 and S. 8465, is amended to read as follows: (c) Expiration of credit. The credit allowed under this subdivision shall not be applicable to taxable years beginning on or after January first, two thousand [twenty-four] TWENTY. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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