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Bill > A07126


NY A07126

NY A07126
Amends the eligibility criteria for game development companies by changing the yearly timeframe structure, lowering the dollar threshold per production, and removing the in-state cost incurred threshold to accurately fit current digital gaming industry models.


summary

Introduced
05/11/2023
In Committee
01/03/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to the eligibility criteria for the digital gaming tax credit

AI Summary

This bill amends the eligibility criteria for the digital gaming tax credit in New York. It changes the yearly timeframe structure, lowers the dollar threshold per production from $100,000 to $50,000, removes the requirement that 75% of production costs be incurred in-state, increases the amount of the tax credit, and extends the time in which the credit can be claimed. The bill aims to update the eligibility criteria to better fit the current digital gaming industry models.

Committee Categories

Budget and Finance

Sponsors (13)

Last Action

print number 7126b (on 05/17/2024)

bill text


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