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History
- Referred to investigations and government operations
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to the empire state film production credit
Purpose
This bill would amend the empire state film production credit.
Summary of provisions
Section 1- Amends paragraph (b) of subdivision 20 of section 210-b of the tax law, as added by section 17 of part A of Chapter 59 of the laws of 2014.
Section 2 - Amends paragraph 2 of subsection (gg) of section 606 of the tax law, as amended by section 3 of part WW-a of chapter 57 of the laws of 2008.
Section 3 - Effective date
Justification
Data shows that the vast majority of film companies which have received film tax credits are not incorporated in New York State. The savings from this bill should instead be utilized for broad based tax cuts for small businesses.
Prior legislative history
New bill
Fiscal implications
None
Effective date
This act shall take effect immediately and shall apply to taxable 2 years beginning on or after January 1, 2017.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.