Senate Bill S5033

2019-2020 Legislative Session

Relates to providing an additional ten percent credit on qualified labor expenses under the empire state film production and post production credits in Nassau and Suffolk counties

download bill text pdf

Sponsored By

Archive: Last 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

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2019-S5033 (ACTIVE) - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §§24 & 31, Tax L
Versions Introduced in Other Legislative Sessions:
2021-2022: S98
2023-2024: S420

2019-S5033 (ACTIVE) - Summary

Provides an additional ten percent credit on qualified labor expenses under the empire state film production credit and empire state film post production credit in Nassau and Suffolk counties.

2019-S5033 (ACTIVE) - Sponsor Memo

2019-S5033 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5033
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                               April 3, 2019
                                ___________
 
 Introduced  by  Sen.  THOMAS -- 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 providing an additional  ten
   percent credit on qualified labor expenses under the empire state film
   production  credit  and  empire  state  film post production credit in
   Nassau and Suffolk counties
 
   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 1 of part M of chapter  59  of  the  laws  of
 2017, is amended to read as follows:
   (5)  For  the period two thousand fifteen through two thousand twenty-
 two, 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 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:
 Albany, Allegany,  Broome,  Cattaraugus,  Cayuga,  Chautauqua,  Chemung,
 Chenango,  Clinton, Columbia, Cortland, Delaware, Dutchess, Erie, Essex,
 Franklin, Fulton, Genesee, Greene, Hamilton, Herkimer, Jefferson, Lewis,
 Livingston, Madison, Monroe, Montgomery, NASSAU, Niagara, Oneida,  Onon-
 daga,  Ontario,  Orange,  Orleans,  Oswego,  Otsego, Putnam, Rensselaer,
 Saratoga, Schenectady, Schoharie, Schuyler, Seneca, St. Lawrence,  Steu-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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