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Bill > A07126
NY A07126
NY A07126Amends 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
05/11/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
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)
Dana Levenberg (D)*,
John McDonald (D)*,
Rodneyse Bichotte Hermelyn (D),
Jake Blumencranz (R),
Karl Brabenec (R),
Harry Bronson (D),
Maritza Davila (D),
Jen Lunsford (D),
Rebecca Seawright (D),
Matt Simpson (R),
Matt Slater (R),
Al Stirpe (D),
Al Taylor (D),
Last Action
print number 7126b (on 05/17/2024)
Official Document
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