Bill Text: NY S05537 | 2021-2022 | General Assembly | Introduced

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Bill Title: Expands the definition of a qualified post production facility to include certain services performed outside the state when such services are on behalf of a project contracted with a qualified post production facility and whose projects are taxable by the state.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2021-03-10 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S05537 Detail]

Download: New_York-2021-S05537-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          5537

                               2021-2022 Regular Sessions

                    IN SENATE

                                     March 10, 2021
                                       ___________

        Introduced  by Sen. BENJAMIN -- 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 expanding the definition  of
          a  qualified  post  production  facility  to  include certain services
          performed outside the state

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Paragraph  4  of subdivision (b) of section 31 of the tax
     2  law, as added by section 12 of part Q of chapter 57 of the laws of 2010,
     3  is amended to read as follows:
     4    (4) "Qualified post  production  facility"  means  a  post  production
     5  facility  located  in  the state, engaged in finishing a qualified film.
     6  For the purposes of this section, the performance  of  services  outside
     7  the state shall be deemed to be conducted at a qualified post production
     8  facility when such services are on behalf of a project contracted with a
     9  qualified post production facility and whose projects are taxable by the
    10  state  as  provided by 20 NYCRR 132.18 or otherwise. Such eligible labor
    11  expenses shall be incorporated into the calculation of  total  qualified
    12  post  production costs for the purpose of determining a project's eligi-
    13  bility under program guidelines.
    14    § 2. This act shall take effect immediately.




         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10439-01-1