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History
- Substituted by A7425
- Ordered to third reading cal.1462
- Committee discharged and committed to rules
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Requires that services eligible for the empire state film production tax credit take place in certain counties
Vetoed · Sponsor Angelo Santabarbara
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5691
Title of bill
An act to amend the tax law, in relation to requiring that services eligible for the empire state film production tax credit take place in certain counties
Purpose
To expand the upstate areas which are eligible for participation in the Empire State Film Production Tax Credit program.
Summary of provisions
The bill amends Section 24(a)(5) of the Tax Law, as added by section 7 of part B of chapter 59 of the laws of 2013, to include Albany, Columbia, Dutchess, Greene, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Sullivan, Ulster, Warren and Washington as counties in which film production companies are eligible to receive a tax credit for their services performed.
Justification
The Empire State Film Tax Credit, as enhanced under the 2013-14 state budget, is an important initiative to encourage film and TV production in New York State. Such activities provide significant economic benefits to the State. While most of the current tax credits awarded under this program will go to support film and TV projects in New York City, the program also seeks to encourage and support film production in Upstate areas.
The 2013 budget authorized an additional tax incentive for film services undertaken in many Upstate counties. This bill would extend the credit to additional Upstate counties in order to further help in attracting more film production companies to the area, thereby creating. jobs and boosting the local economies.
Legislative history
New bill
Fiscal implications
To be determined
Effective date
Immediately, and shall apply to taxable years beginning on or after January 1, 2013.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.