Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 04, 2025 |
referred to investigations and government operations |
Senate Bill S4305
2025-2026 Legislative Session
Sponsored By
(D, WF) 21st Senate District
Current Bill Status - In Senate Committee Investigations And Government Operations 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
2025-S4305 (ACTIVE) - Details
2025-S4305 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4305 SPONSOR: PARKER TITLE OF BILL: An act to amend the tax law, in relation to the empire state film production tax credit PURPOSE OR GENERAL IDEA OF BILL: To make documentaries a "Qualified Film" for the purposes of section 24 of the tax law. SUMMARY OF SPECIFIC PROVISIONS: Paragraph 3 of subdivision (b) of section 24 of the tax law, as added by section 1 of part B of chapter 59 of the laws of 2013, is amended. JUSTIFICATION: Documentaries have been excluded from NYS film production tax credit.
2025-S4305 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4305 2025-2026 Regular Sessions I N S E N A T E February 4, 2025 ___________ Introduced by Sen. PARKER -- 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 the empire state film production tax credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 3 of subdivision (b) of section 24 of the tax law, as amended by section 9-a of part D of chapter 59 of the laws of 2023, is amended to read as follows: (3) "Qualified film" means a feature-length film, television film, relocated television production, DOCUMENTARY FILM, television pilot or television series, regardless of the medium by means of which the film, pilot or series is created or conveyed. For the purposes of the credit provided by this section only, a "qualified film" whose majority of principal photography shooting days in the production of the qualified film are shot in Westchester, Rockland, Nassau, or Suffolk county or any of the five New York City boroughs shall have a minimum budget of one million dollars. A "qualified film", whose majority of principal photog- raphy shooting days in the production of the qualified film are shot in any other county of the state than those listed in the preceding sentence shall have a minimum budget of two hundred fifty thousand dollars. "Qualified film" shall not include: (i) a documentary film, news or current affairs program, interview or talk program, "how-to" (i.e., instructional) film or program, film or program consisting prima- rily of stock footage, sporting event or sporting program, game show, award ceremony, film or program intended primarily for industrial, corporate or institutional end-users, fundraising film or program, daytime drama (i.e., daytime "soap opera"), commercials, music videos or "reality" program; (ii) a production for which records are required under section 2257 of title 18, United States code, to be maintained EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08288-01-5
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