Requires the department of economic development issue a quarterly report on film production and post-production tax credits by project and by county in the aggregate and publish such reports on such department's website.
STATE OF NEW YORK
________________________________________________________________________
4662
2025-2026 Regular Sessions
IN SENATE
February 11, 2025
___________
Introduced by Sen. SKOUFIS -- read twice and ordered printed, and when
printed to be committed to the Committee on Commerce, Economic Devel-
opment and Small Business
AN ACT to amend the economic development law, in relation to requiring
the department of economic development issue a quarterly report on
film production and post production tax credits by project and by
county in the aggregate and publish such reports on such department's
website
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 100 of the economic development law is amended by
2 adding a new subdivision 50 to read as follows:
3 50. to submit a quarterly report on film tax credits to the governor,
4 the director of the division of the budget, the chair of the assembly
5 ways and means committee, and the chair of the senate finance committee
6 and publish such report on the department's public facing website. Such
7 report shall be filed within fifteen days after the close of the calen-
8 dar quarter for such calendar quarter. Such report shall include all
9 tax credits claimed under sections twenty-four and thirty-one, as added
10 by section twelve of part Q of chapter fifty-seven of the laws of two
11 thousand ten, of the tax law. Such report shall include, but not be
12 limited to, for each project, by name, and for each county, in the
13 aggregate:
14 (a) qualified production costs and in which counties such costs were
15 incurred.
16 (b) days of principal photography and in which counties such principal
17 photography took place.
18 (c) number of employees associated and total employees hired in
19 relation to such project and in which counties such employees reside and
20 work.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD09283-01-5
S. 4662 2
1 (d) credit-eligible work hours and in which counties such work hours
2 occurred.
3 (e) amount of tax credits issued.
4 § 2. This act shall take effect one year after it shall have become a
5 law.
