S05661 Summary:

BILL NOS05661
 
SAME ASNo same as
 
SPONSORKLEIN
 
COSPNSRSAVINO
 
MLTSPNSR
 
Amd Part P S7, Chap 60 of 2004
 
Increases the maximum amount of empire state film production credits available in 2015 and thereafter to $420,000,000.
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S05661 Actions:

BILL NOS05661
 
06/09/2011REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
01/04/2012REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
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S05661 Floor Votes:

There are no votes for this bill in this legislative session.
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S05661 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5661
 
                               2011-2012 Regular Sessions
 
                    IN SENATE
 
                                      June 9, 2011
                                       ___________
 
        Introduced  by  Sen.  KLEIN  -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations
 
        AN ACT to amend chapter 60 of the laws of 2004,  amending  the  tax  law
          relating  to  providing tax credits for certain costs incurred in film

          and television productions, in relation to the maximum amount of  such
          credits in 2015 and thereafter
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Section 7 of part P of chapter 60  of  the  laws  of  2004,
     2  amending the tax law relating to providing tax credits for certain costs
     3  incurred  in film and television productions, is amended by adding a new
     4  subdivision (f) to read as follows:
     5    (f) Additional pool 3 - The aggregate amount of tax credits allowed in
     6  subdivision (a) of this section shall be increased by an additional $420
     7  million beginning in 2015 and continuing  every  year  thereafter.  This
     8  additional amount shall be allocated by the governor's office for motion

     9  picture  and  television  development among taxpayers in accordance with
    10  subdivision (a) of this section.
    11    § 2. This act shall take effect immediately.
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11750-01-1
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