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S08229 Summary:

BILL NOS08229
 
SAME ASSAME AS A08754
 
SPONSORHOYLMAN-SIGAL
 
COSPNSR
 
MLTSPNSR
 
 
Permits "A Beautiful Noise, LLC" to file an application for a New York city musical and theatrical production tax credit for 2022.
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S08229 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          8229
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                      May 23, 2025
                                       ___________
 
        Introduced  by Sen. HOYLMAN-SIGAL -- read twice and ordered printed, and
          when printed to be committed to the Committee  on  Investigations  and
          Government Operations
 
        AN ACT relating to permitting "A Beautiful Noise, LLC" to file an appli-
          cation for a New York city musical and theatrical production tax cred-
          it

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Notwithstanding any provision of law  to  the  contrary,  a
     2  qualified New York city musical and theatrical production company called
     3  "A Beautiful Noise, LLC", located at 1501 Broadway Suite, 1304 New York,
     4  New York, for taxable year 2022, that otherwise would have been eligible
     5  for  the  New York city musical and theatrical production tax credit but
     6  for not filing of an application by a prescribed due date set  forth  by
     7  the  commissioner  of economic development, shall be eligible to file an
     8  application for the New York city musical and theatrical production  tax
     9  credit for a production in 2022.
    10    §  2. Notwithstanding the provisions of section 24-c of the tax law or
    11  any other provision of law, rule or regulation to the contrary, a  claim
    12  for  the  New York city musical and theatrical production tax credit may
    13  be  filed  by  the  qualified  New  York  city  musical  and  theatrical
    14  production  company  located  at 1501 Broadway Suite, 1304 New York, New
    15  York, for tax year 2022.
    16    § 3. This act shall take effect immediately and shall apply to taxable
    17  years beginning on or after January 1, 2022 and before January 1, 2026.
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13013-01-5
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