Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 21, 2014 |
tabled vetoed memo.511 |
Nov 10, 2014 |
delivered to governor |
Jun 20, 2014 |
returned to assembly passed senate 3rd reading cal.1681 substituted for s7746 |
Jun 18, 2014 |
referred to rules delivered to senate passed assembly |
Jun 17, 2014 |
ordered to third reading rules cal.382 rules report cal.382 reported |
Jun 16, 2014 |
reported referred to rules |
Jun 10, 2014 |
referred to ways and means |
Assembly Bill A10049
Vetoed By Governor2013-2014 Legislative Session
Sponsored By
SANTABARBARA
Archive: Last Bill Status - Vetoed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Vetoed By Governor
- Signed By Governor
Actions
Votes
2013-A10049 (ACTIVE) - Details
- See Senate Version of this Bill:
- S7746
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§24-a, 210 & 606, Tax L; amd Part HH §5, Chap 59 of 2014
2013-A10049 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10049 I N A S S E M B L Y June 10, 2014 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Santabar- bara) -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to establishing a musical and theatrical production business franchise credit; to amend chapter 59 of the laws of 2014, amending the tax law relating to a musical and theatrical production credit, in relation to the effective date there- of; and providing for the repeal of certain provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 1 of subdivision (c) of section 24-a of the tax law, as added by section 1 of part HH of chapter 59 of the laws of 2014, is amended to read as follows: (1) article 9-A: section [210-B] 210: subdivision [47] 50. S 2. Paragraph 1 of subdivision (e) of section 24-a of the tax law, as added by section 1 of part HH of chapter 59 of the laws of 2014, is amended to read as follows: (1) The aggregate amount of tax credits allowed under this section, subdivision [forty-seven] FIFTY of section two hundred [ten-B] TEN and subsection (u) of section six hundred six of this chapter in any calen- dar year shall be four million dollars. Such aggregate amount of credits shall be allocated by the department of economic development among taxpayers in order of priority based upon the date of filing an applica- tion for allocation of musical and theatrical production credit with such department. If the total amount of allocated credits applied for in any particular year exceeds the aggregate amount of tax credits allowed for such year under this section, such excess shall be treated as having been applied for on the first day of the subsequent year. S 3. Section 210 of the tax law is amended by adding a new subdivision 50 to read as follows: 50. MUSICAL AND THEATRICAL PRODUCTION CREDIT. (A) ALLOWANCE OF CREDIT. A TAXPAYER WHO IS ELIGIBLE PURSUANT TO SECTION TWENTY-FOUR-A OF THIS CHAPTER SHALL BE ALLOWED A CREDIT TO BE COMPUTED AS PROVIDED IN SUCH SECTION AGAINST THE TAX IMPOSED BY THIS ARTICLE. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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