STATE OF NEW YORK ________________________________________________________________________ 6987 IN SENATE March 14, 2016 ___________ Introduced by Sens. AMEDORE, LARKIN, MARCHIONE -- read twice and ordered printed, and when printed to be committed to the Committee on Investi- gations and Government Operations 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- EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14462-01-6