BILL NO A07373A
SAME AS SAME AS S05370-A
COSPNSR Crespo, Titone, Gottfried, Rosenthal, O'Donnell, Clark, Mosley,
Jaffee, DenDekker, Englebright, Roberts, Camara, Ortiz, Titus
MLTSPNSR Davila, Glick, Heastie, Markey, Millman, Perry, Thiele
Amd S24, Tax L
Includes writer's salaries and fees within production costs eligible for the
empire state film production credit.
BILL NO A07373A
05/14/2013 referred to ways and means
06/20/2013 reported referred to rules
01/08/2014 referred to ways and means
01/28/2014 amend and recommit to ways and means
01/28/2014 print number 7373a
S T A T E O F N E W Y O R K
2013-2014 Regular Sessions
I N A S S E M B L Y
May 14, 2013
Introduced by M. of A. WRIGHT -- read once and referred to the Committee
on Ways and Means -- recommitted to the Committee on Ways and Means in
accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill
amended, ordered reprinted as amended and recommitted to said commit-
AN ACT to amend the tax law, in relation to eligibility 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 1 of subdivision (a) of section 24 of the tax
2 law, as amended by section 3 of part Q of chapter 57 of the laws of
3 2010, is amended to read as follows:
4 (1) Allowance of credit. A taxpayer which is a qualified film
5 production company, or a qualified independent film production company,
6 or which is a sole proprietor of or a member of a partnership which is a
7 qualified film production company or a qualified independent film
8 production company, and which is subject to tax under articles nine-A or
9 twenty-two of this chapter, shall be allowed a credit against such tax,
10 pursuant to the provisions referenced in subdivision [(c)] (E) of this
11 section, to be computed as [hereinafter] provided IN THIS SECTION.
12 S 2. Paragraph 2 of subdivision (b) of section 24 of the tax law, as
13 added by section 1 of part P of chapter 60 of the laws of 2004, is
14 amended and a new paragraph 9 is added to read as follows:
15 (2) "Production costs" means any costs for tangible property used and
16 services performed directly and predominantly in the production (includ-
17 ing pre-production and post production) of a qualified film.
18 "Production costs" shall not include [(i) costs for a story, script or
19 scenario to be used for a qualified film and (ii)] wages or salaries or
20 other compensation for writers, directors, including music directors,
21 producers and performers (other than background actors with no scripted
22 lines). WRITERS' FEES AND SALARIES SHALL BE ELIGIBLE PRODUCTION COSTS
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
A. 7373--A 2
1 SUBJECT TO THE PROVISIONS OF SUBDIVISION (C) OF THIS SECTION; PROVIDED,
2 HOWEVER, THAT FEES THAT ARE BASED ON DEFERRED, LEVERAGED OR PROFIT
3 PARTICIPATION COSTS, OR ARE IN EXCESS OF THOSE OTHERWISE PERMITTED BY
4 SUBDIVISION (C) OF THIS SECTION SHALL NOT BE ELIGIBLE PRODUCTION COSTS.
5 "Production costs" generally include technical and crew production
6 costs, such as expenditures for film production facilities, or any part
7 thereof, props, makeup, wardrobe, film processing, camera, sound record-
8 ing, set construction, lighting, shooting, editing and meals.
9 (9) "WRITER" MEANS A WRITER EMPLOYED OR RETAINED TO WRITE OR REVISE
10 SCRIPTS, SCREENPLAYS, TELEPLAYS, DIALOGUE, SKETCHES, ROUTINES OR
12 S 3. Subdivisions (c), (d) and (e) of section 24 of the tax law are
13 relettered subdivisions (e), (f) and (g), respectively and two new
14 subdivisions (c) and (d) are added to read as follows:
15 (C) FOR A FEATURE FILM OR TELEVISION PRODUCTION, WRITERS' FEES AND
16 SALARIES SHALL BE ELIGIBLE COSTS; PROVIDED, HOWEVER, SUCH COSTS SHALL
17 NOT EXCEED FIFTY THOUSAND DOLLARS IN FEES OR SALARY PER WRITER PER QUAL-
18 IFIED FILM AND PROVIDED THAT SUCH WRITER IS A MINORITY GROUP MEMBER, AS
19 DEFINED BY SUBDIVISION EIGHT OF SECTION THREE HUNDRED TEN OF THE EXECU-
20 TIVE LAW, OR A WOMAN.
21 PROVIDED, FURTHER, THAT, NOTWITHSTANDING ANY OTHER PROVISION OF THIS
22 SECTION, A WRITER'S FEES AND SALARY SHALL BE ELIGIBLE FOR THE MAXIMUM
23 AMOUNT OF THE CREDIT GRANTED BY THIS SUBDIVISION, IF SUCH WRITER IS A
24 RESIDENT OF THIS STATE.
25 (D) FOR EACH TAX YEAR, NOT MORE THAN THREE MILLION FIVE HUNDRED THOU-
26 SAND DOLLARS IN TAX CREDITS FOR WRITERS' FEES AND SALARIES SHALL BE
27 GRANTED PURSUANT TO THIS SECTION. SUCH CREDITS SHALL ONLY BE AVAILABLE
28 FROM CREDITS ALLOWED FOR PRODUCTION COSTS PURSUANT TO THIS SECTION.
29 S 4. This act shall take effect on the one hundred twentieth day after
30 it shall have become a law and shall apply to the tax year in which it
31 takes effect and all subsequent tax years.