Bill > A03457

This bill extends and modifies the Empire State Digital Gaming Tax Credit program, making several key changes to support New York's digital gaming industry. The bill extends the tax credit period from January 1, 2028, to January 1, 2032, and adjusts the eligibility criteria for game development companies. Specifically, the bill lowers the minimum production cost threshold from $100,000 to $50,000, removes the previous requirement for in-state production cost percentages, and allows for more flexible documentation of digital gaming media production costs. The total annual tax credit allocation remains at $5 million, but the bill now permits unused credits to be carried over to subsequent tax years, providing greater financial flexibility for digital gaming companies. The credit applies to various digital gaming media productions, including websites, interactive games, and gaming-related software, with specific exclusions for electronic commerce, gambling, and political advocacy platforms. The bill aims to modernize the tax credit to better align with current digital gaming industry practices and support the growth of digital media production in New York State, taking effect for taxable years beginning on or after January 1, 2025, and before January 1, 2032.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A3457