Senate Bill S58

2023-2024 Legislative Session

Defines film zone and excludes the film zone from the additional empire state film production credit

download bill text pdf

Sponsored By

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

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2023-S58 (ACTIVE) - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §24, Tax L
Versions Introduced in Other Legislative Sessions:
2019-2020: S4349
2021-2022: S2967

2023-S58 (ACTIVE) - Summary

Defines film zone and excludes the film zone from the additional empire state film production credit.

2023-S58 (ACTIVE) - Sponsor Memo

2023-S58 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    58
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                                (PREFILED)
 
                              January 4, 2023
                                ___________
 
 Introduced  by Sen. HARCKHAM -- 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 definition of film  zone
   and  the  exclusion  of the film zone from the additional empire state
   film production credit
 
   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 2 of part M of chapter  59  of  the  laws  of
 2022, is amended to read as follows:
   (5)  For  the period two thousand fifteen through two thousand twenty-
 nine, 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 OR AREAS 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 OR AREAS : Albany, Allegany, Broome, Cattaraugus, Cayuga, Chau-
 tauqua, Chemung, Chenango, Clinton, Columbia, Cortland, Delaware, Dutch-
 ess, Erie, Essex, Franklin, Fulton, Genesee, Greene, Hamilton, Herkimer,
 Jefferson, Lewis,  Livingston,  Madison,  Monroe,  Montgomery,  Niagara,
 Oneida,  Onondaga,  Ontario,  Orange,  Orleans,  Oswego, Otsego, Putnam,
 Rensselaer, Saratoga,  Schenectady,  Schoharie,  Schuyler,  Seneca,  St.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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