Bill Text: NY A09415 | 2015-2016 | General Assembly | Introduced

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Bill Title: Increases the number of counties in which services can be performed to qualify for the empire state film production credit.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Introduced - Dead) 2016-06-15 - substituted by s6987 [A09415 Detail]

Download: New_York-2015-A09415-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          9415
                   IN ASSEMBLY
                                      March 3, 2016
                                       ___________
        Introduced  by M. of A. GUNTHER -- read once and referred to the Commit-
          tee on Ways and Means
        AN ACT to amend the tax law, in relation to  increasing  the  number  of
          counties  in which services can be performed to qualify for the empire
          state film production credit
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Paragraph  5  of subdivision (a) of section 24 of the tax
     2  law, as amended by section 1 of part JJ of chapter 59  of  the  laws  of
     3  2014, is amended to read as follows:
     4    (5) For the period two thousand fifteen through two thousand nineteen,
     5  in addition to the amount of credit established in paragraph two of this
     6  subdivision,  a  taxpayer shall be allowed a credit equal to the product
     7  (or pro rata share of the product, in the case of a member of a partner-
     8  ship) of ten percent and the amount of wages or salaries paid  to  indi-
     9  viduals  directly  employed (excluding those employed as writers, direc-
    10  tors, music directors, producers and  performers,  including  background
    11  actors with no scripted lines) by a qualified film production company or
    12  a  qualified  independent film production company for services performed
    13  by those individuals in one of the counties specified in this  paragraph
    14  in  connection  with  a  qualified  film  with  a minimum budget of five
    15  hundred thousand dollars. For purposes of this  additional  credit,  the
    16  services  must  be  performed  in one or more of the following counties:
    17  Albany, Allegany,  Broome,  Cattaraugus,  Cayuga,  Chautauqua,  Chemung,
    18  Chenango,  Clinton, Columbia, Cortland, Delaware, Dutchess, Erie, Essex,
    19  Franklin, Fulton, Genesee, Greene, Hamilton, Herkimer, Jefferson, Lewis,
    20  Livingston, Madison,  Monroe,  Montgomery,  Niagara,  Oneida,  Onondaga,
    21  Ontario,  Orange, Orleans, Oswego, Otsego, Putnam, Rensselaer, Saratoga,
    22  Schenectady,  Schoharie,  Schuyler,  Seneca,  St.   Lawrence,   Steuben,
    23  Suffolk,  Sullivan,  Tioga, Tompkins, Ulster, Warren, Washington, Wayne,
    24  Wyoming, or Yates. The aggregate amount of tax credits allowed  pursuant
    25  to  the  authority  of this paragraph shall be five million dollars each
    26  year during the period two thousand fifteen through two  thousand  nine-
    27  teen  of the annual allocation made available to the program pursuant to
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14462-01-6