Bill > S06997

This bill amends the eligibility criteria for the digital gaming tax credit by changing the yearly timeframe structure, lowering the dollar threshold per production, and removing the in-state cost incurred threshold. Specifically, it allows game development companies to submit an annual application that includes all their qualified digital gaming media productions for the taxable year, rather than requiring separate applications. The bill also reduces the minimum production cost from $100,000 to $50,000 per production and removes the requirement that at least 75% of the total production costs must be incurred and paid within New York state. These changes are intended to accurately fit the current digital gaming industry models.