New York State Assembly

 
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A10768 Summary:

A10768 Actions:

A10768 Committee Votes:

Committee:WAYS AND MEANS   Chair:Weinstein      
DATE:06/11/2018AYE/NAY:26/6  Action: Favorable refer to committee Rules        
Weinstein
Aye
Oaks
Nay
Lentol
Aye
Crouch
Aye
Schimminger
Aye
Barclay
Aye
Gantt
Excused
Fitzpatrick
Nay
Glick
Aye
Hawley
Nay
Nolan
Excused
Malliotakis
Aye
Pretlow
Aye
Walter
Aye
Perry
Aye
Montesano
Nay
Colton
Aye
Curran
Nay
Cook
Aye
Ra
Nay
Cahill
Aye
Aubry
Aye
Hooper
Aye
Thiele
Aye
Cusick
Aye
Ortiz
Aye
Benedetto
Aye
Weprin
Aye
Rodriguez
Aye
Ramos
Absent
Braunstein
Aye
McDonald
Aye
Rozic
Aye
Peoples-Stokes
Aye
Simotas
Aye

Committee:RULES   Chair:Heastie      
DATE:06/13/2018AYE/NAY:29/0  Action: Favorable         
Heastie
Aye
Kolb
Aye
Gottfried
Aye
Oaks
Aye
Lentol
Aye
Butler
Aye
Gantt
Excused
Crouch
Aye
Nolan
Aye
Finch
Aye
Weinstein
Aye
Barclay
Aye
Hooper
Excused
Raia
Aye
Ortiz
Aye
Hawley
Aye
Pretlow
Aye
Cook
Aye
Glick
Aye
Morelle
Aye
Aubry
Aye
Englebright
Aye
Dinowitz
Aye
Colton
Aye
Magnarelli
Aye
Perry
Aye
Galef
Aye
Paulin
Aye
Titus
Aye
Peoples-Stokes
Aye
Benedetto
Aye

A10768 Floor Votes:

A10768 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          10768
 
                   IN ASSEMBLY
 
                                      May 17, 2018
                                       ___________
 
        Introduced  by M. of A. MORELLE -- read once and referred to the Commit-
          tee on Ways and Means
 
        AN ACT to amend the tax law, in relation to extending the  empire  state
          commercial production tax 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  28  of  the  tax
     2  law,  as  amended  by  section  1 of part J of chapter 60 of the laws of
     3  2016, is amended to read as follows:
     4    (1) A taxpayer which is a qualified commercial production company,  or
     5  which is a sole proprietor of a qualified commercial production company,
     6  and  which  is subject to tax under article nine-A or twenty-two of this
     7  chapter, shall be allowed a credit against such  tax,  pursuant  to  the
     8  provisions referenced in subdivision (c) of this section, to be computed
     9  as  provided in this section. Provided, however, to be eligible for such
    10  credit, at least seventy-five percent of the production costs (excluding
    11  post production costs) paid or incurred directly  and  predominantly  in
    12  the  actual  filming  or  recording  of the qualified commercial must be
    13  costs incurred in New York state. The tax  credit  allowed  pursuant  to
    14  this  section  shall  apply  to  taxable  years beginning before January
    15  first, two thousand [nineteen] twenty-four.
    16    § 2. Paragraph (c) of subdivision 23 of section 210-B of the tax  law,
    17  as  amended by section 2 of part J of chapter 60 of the laws of 2016, is
    18  amended to read as follows:
    19    (c) Expiration of credit. The credit allowed  under  this  subdivision
    20  shall  not  be applicable to taxable years beginning on or after January
    21  first, two thousand [nineteen] twenty-four.
    22    § 3. Paragraph 1 of subsection (jj) of section 606 of the tax law,  as
    23  amended  by  section  3  of part J of chapter 60 of the laws of 2016, is
    24  amended to read as follows:
    25    (1) Allowance of credit. A taxpayer that is eligible pursuant  to  the
    26  provisions  of  section  twenty-eight of this chapter shall be allowed a
    27  credit to be computed as  provided  in  such  section  against  the  tax
    28  imposed by this article. The tax credit allowed pursuant to this section
    29  shall  apply  to taxable years beginning before January first, two thou-
    30  sand [nineteen] twenty-four.
    31    § 4. This act shall take effect immediately.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15804-01-8