Assembly Bill A1253

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1253
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 13, 2023
                                ___________
 
 Introduced  by  M.  of  A.  ZEBROWSKI  --  read once and referred to the
   Committee on Ways and Means
 
 AN ACT to amend the tax law, in relation to the definition of film  zone
   and  the  exclusion  of the film zone from the additional 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 2 of part M of chapter  59  of  the  laws  of
 2022, is amended to read as follows:
   (5)  For  the period two thousand fifteen through two thousand twenty-
 nine, 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
 partnership)  of ten percent and the amount of wages or salaries paid to
 individuals directly employed  (excluding  those  employed  as  writers,
 directors,  music  directors,  producers and performers, including back-
 ground 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 OR AREAS 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 OR AREAS : Albany, Allegany, Broome, Cattaraugus, Cayuga, Chau-
 tauqua, Chemung, Chenango, Clinton, Columbia, Cortland, Delaware, Dutch-
 ess, 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,  Sullivan, Tioga, Tompkins, Ulster, Warren, Washing-
 ton, Wayne, Wyoming, [or] Yates, OR ANY AREA IN THE COUNTIES OF ROCKLAND
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01558-01-3
              

 A. 1253                             2
 
 OR WESTCHESTER WHICH IS NOT LOCATED IN THE FILM ZONE AS DEFINED IN PARA-
 GRAPH NINE OF SUBDIVISION (B) OF THIS SECTION. 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 twenty-nine of the annual allocation made available
 to the program pursuant to paragraph four of  subdivision  (e)  of  this
 section.  Such  aggregate  amount  of  credits shall be allocated by the
 governor's office for motion picture and  television  development  among
 taxpayers in order of priority based upon the date of filing an applica-
 tion  for allocation of film production credit with such office.  If the
 total amount of allocated credits applied for under  this  paragraph  in
 any  year  exceeds  the aggregate amount of tax credits allowed for such
 year under this paragraph, such excess shall be treated as  having  been
 applied  for  on  the first day of the next year. If the total amount of
 allocated tax credits applied for under this paragraph at the conclusion
 of any year is less than five million dollars, the  remainder  shall  be
 treated  as  part of the annual allocation made available to the program
 pursuant to paragraph four of subdivision (e) of this section.  However,
 in  no event may the total of the credits allocated under this paragraph
 and the credits allocated under paragraph five  of  subdivision  (a)  of
 section  thirty-one  of  this article exceed five million dollars in any
 year during the period two thousand fifteen through two  thousand  twen-
 ty-nine.
   § 2. Subdivision (b) of section 24 of the tax law is amended by adding
 a new paragraph 9 to read as follows:
   (9) "FILM ZONE" SHALL MEAN AN AREA WITHIN A TWENTY-FIVE MILE RADIUS OF
 COLUMBUS CIRCLE IN THE BOROUGH OF MANHATTAN.
   § 3. This act shall take effect immediately.