Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 23, 2025 |
referred to investigations and government operations |
Senate Bill S8229
2025-2026 Legislative Session
Sponsored By
(D, WF) 47th 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-S8229 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8754
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Taxation
2025-S8229 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8229 SPONSOR: HOYLMAN-SIGAL TITLE OF BILL: An act relating to permitting "A Beautiful Noise, LLC" to file an appli- cation for a New York city musical and theatrical production tax credit PURPOSE: The purpose of this bill is to allow the Broadway production A Beautiful Noise to apply for the NYC musical and theatrical tax credit. SUMMARY OF PROVISIONS: Section 1 and 2 allows A Beautiful Noise to apply for the NYC Musical and Theatrical tax credit. Section 3 states that this act shall take effect immediately. JUSTIFICATION:
2025-S8229 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8229 2025-2026 Regular Sessions I N S E N A T E May 23, 2025 ___________ Introduced by Sen. HOYLMAN-SIGAL -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations AN ACT relating to permitting "A Beautiful Noise, LLC" to file an appli- cation for a New York city musical and theatrical production tax cred- it THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Notwithstanding any provision of law to the contrary, a qualified New York city musical and theatrical production company called "A Beautiful Noise, LLC", located at 1501 Broadway Suite, 1304 New York, New York, for taxable year 2022, that otherwise would have been eligible for the New York city musical and theatrical production tax credit but for not filing of an application by a prescribed due date set forth by the commissioner of economic development, shall be eligible to file an application for the New York city musical and theatrical production tax credit for a production in 2022. § 2. Notwithstanding the provisions of section 24-c of the tax law or any other provision of law, rule or regulation to the contrary, a claim for the New York city musical and theatrical production tax credit may be filed by the qualified New York city musical and theatrical production company located at 1501 Broadway Suite, 1304 New York, New York, for tax year 2022. § 3. This act shall take effect immediately and shall apply to taxable years beginning on or after January 1, 2022 and before January 1, 2026. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13013-01-5
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