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Speaker Carl E. Heastie
 
     
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A07926 Summary:

BILL NOA07926
 
SAME ASSAME AS S00271
 
SPONSORCarroll P
 
COSPNSR
 
MLTSPNSR
 
Amd §24, Tax L
 
Defines film zone; excludes the film zone from the additional empire state film production credit.
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A07926 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
 submitted in accordance with Assembly Rule III, Sec 1(f)




 
BILL NUMBER: A7926
 
SPONSOR: Carroll P

 
TITLE OF BILL:
 
An act to amend the tax law, in relation to the definition of film zone
and the exclusion of the film zone from the additional empire state film
production credit
 
 
PURPOSE:
 
This bill will add areas of Rockland and Westchester which are outside
the "film zone" to the additional empire state film production credit.
 
 
SUMMARY OF PROVISIONS:
 
Section one of the bill amends paragraph 5 of subdivision (a) of section
24 of the tax law as it relates to including areas of Rockland or West-
chester counties not located within the film zone as part of the addi-
tional empire state film production credit.
 
Section two of the bill amends subdivision (b) of section 24 at the tax
law as it relates to adding the definition of film zone.
 
Section three of the bill relates to the effective date.
 
 
JUSTIFICATION:
 
In 2013, in an effort to provide an economic boost to certain areas of
the state, an additional 10% film production tax credit was created to
incentivize filming in certain upstate counties. Since the creation of
this additional film credit, other counties have been subsequently added
with all counties north of New York City eligible except Rockland and
Westchester counties.
 
The film industry uses a film zone which requires productions outside a
25 mile radius of New York City to pay additional labor rates.  These
productions outside the film zone (25 miles outside Columbus Circle)
aremore expensive to film given the additional labor costs and the lack
of the additional film credit. There are portions of both Rockland and
Westchester counties which are outside the film zone and are not eligi-
ble for the additional 10% tax credit; creating a severe disadvantage to
areas that receive the additional credit and areas within the film zone.
This bill will create parity by incentivizing filming in the areas in
Rockland and Westchester that fall outside the 25 mile film zone.
 
 
LEGISLATIVE HISTORY:
 
A.1253 of 2023-24,
 
A.1120 of 2021-22,
 
A.3883 of 2019-20,
 
A.8463 of 2017-18.
 
 
FISCAL IMPLICATIONS:
 
To be determined.
 
EFFECTIVE DATE:
This act shall take effect immediately.
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