Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 28, 2014 |
print number 2027a |
Mar 28, 2014 |
amend and recommit to investigations and government operations |
Jan 08, 2014 |
referred to investigations and government operations |
Jan 09, 2013 |
referred to investigations and government operations |
Senate Bill S2027A
2013-2014 Legislative Session
Sponsored By
(D, WF) Senate District
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
Actions
Bill Amendments
2013-S2027 - Details
2013-S2027 - Sponsor Memo
BILL NUMBER:S2027 TITLE OF BILL: An act to amend the tax law, in relation to the allo- cation of such credit against taxes for certain film production costs issued by a city having a population of one million or more PURPOSE: This legislation would ensure the "Made in NY" film production tax credit would be sustained through 2013. SUMMARY OF PROVISIONS: Section 1 of this bill would amend Tax Law § 1201-a(b), the section that authorizes the City of New York to amend its General Corporation Tax ("GCT") and its Unincorporated Business Tax ("UBT") with respect to the Empire State Film Production Credit. This proposal would (1) reduce the City credit rate from five percent to four percent; (2) phase out the credit for television series: after three years of receiving the full credit, a television series would receive a three percent credit in year four of the program, a two percent credit in year five, and no credit thereafter; and (3) establish a cap of $250,000 in credits per qualified film or episode of a qualified television series; for those productions incurring more than 75t of their post production costs in New York City, the cap would be $300,000. Section 2 of the bill would amend Section 7(b) of part P of Chapter 60 of the Laws of 2004 to provide that if any of the aggregate amount of
2013-S2027 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2027 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sen. SQUADRON -- 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 allocation of such cred- it against taxes for certain film production costs issued by a city having a population of one million or more THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision (b) of section 1201-a of the tax law, as amended by section 5 of part Y of chapter 62 of the laws of 2006, is amended to read as follows: (b) Empire state film production credit. Any city in this state having a population of one million or more, acting through its local legisla- tive body, is hereby authorized to adopt and amend local laws to allow a credit against the general corporation tax and the unincorporated busi- ness tax imposed pursuant to the authority of chapter seven hundred seventy-two of the laws of nineteen hundred sixty-six which shall be substantially identical to the credit allowed under section twenty-four of this chapter, except that: (A) (I) the percentage of qualified production costs used to calculate such credit shall be [five] FOUR percent, (II) FOR A TELEVISION SERIES WITH RESPECT TO WHICH A CREDIT HAS BEEN ALLOWED (1) IN THREE TAXABLE YEARS, THE AMOUNT OF THE CREDIT SHALL BE THREE PERCENT, (2) IN FOUR TAXABLE YEARS, THE AMOUNT OF THE CREDIT SHALL BE TWO PERCENT, AND (III) NO CREDIT SHALL BE ALLOWED WITH RESPECT TO A TELEVISION SERIES FOR WHICH A CREDIT HAS BEEN ALLOWED IN FIVE TAXABLE YEARS; (B) SUCH CREDIT SHALL NOT EXCEED TWO HUNDRED FIFTY THOUSAND DOLLARS PER QUALIFIED FILM OR EPISODE OF A QUALIFIED TELEVISION SERIES WITH RESPECT TO QUALIFIED PRODUCTION COSTS; PROVIDED, HOWEVER, THAT IF THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2013-S2027A (ACTIVE) - Details
2013-S2027A (ACTIVE) - Sponsor Memo
BILL NUMBER:S2027A TITLE OF BILL: An act to amend the tax law, in relation to the allocation of such credit against taxes for certain film production costs issued by a city having a population of one million or more PURPOSE: This legislation would ensure the "Made in NY" film production tax credit would be sustained through 2014. SUMMARY OF PROVISIONS: Section 1 of this bill would amend Tax Law § 1201-a(b), the section that authorizes the City of New York to amend its General Corporation Tax ("GCT") and its Unincorporated Business Tax ("UBT") with respect to the Empire State Film Production Credit. This proposal would (1) reduce the City credit rate from five percent to four percent; (2) phase out the credit for television series: after three years of receiving the full credit, a television series would receive a three percent credit in year four of the program, a two percent credit in year five, and no credit thereafter; and (3) establish a cap of $250,000 in credits per qualified film or episode of a qualified television series; for those productions incurring more than 75t of their post production costs in New York City, the cap would be $300,000. Section 2 of the bill provides that the law would take effect
2013-S2027A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2027--A 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sen. SQUADRON -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to the allocation of such cred- it against taxes for certain film production costs issued by a city having a population of one million or more THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision (b) of section 1201-a of the tax law, as amended by section 5 of part Y of chapter 62 of the laws of 2006, is amended to read as follows: (b) Empire state film production credit. Any city in this state having a population of one million or more, acting through its local legisla- tive body, is hereby authorized to adopt and amend local laws to allow a credit against the general corporation tax and the unincorporated busi- ness tax imposed pursuant to the authority of chapter seven hundred seventy-two of the laws of nineteen hundred sixty-six which shall be substantially identical to the credit allowed under section twenty-four of this chapter, except that: (A) (I) the percentage of qualified production costs used to calculate such credit shall be [five] FOUR percent, (II) FOR A TELEVISION SERIES WITH RESPECT TO WHICH A CREDIT HAS BEEN ALLOWED (1) IN THREE TAXABLE YEARS, THE AMOUNT OF THE CREDIT SHALL BE THREE PERCENT, (2) IN FOUR TAXABLE YEARS, THE AMOUNT OF THE CREDIT SHALL BE TWO PERCENT, AND (III) NO CREDIT SHALL BE ALLOWED WITH RESPECT TO A TELEVISION SERIES FOR WHICH A CREDIT HAS BEEN ALLOWED IN FIVE TAXABLE YEARS; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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