Bill > S04715

This bill extends and modifies the Empire State Digital Gaming Tax Credit program to support digital game development in New York. The bill extends the tax credit period from January 2028 to January 2032, changes the eligibility criteria for game development companies, and allows unused credits to be rolled over to subsequent tax years. Specifically, the bill reduces the minimum digital media production costs threshold from $100,000 to $50,000 per production, removes the requirement that 75% of production costs must be incurred in-state, and eliminates the previous $4 million cost cap per production. The bill also removes the previous annual cap of $1.5 million per taxpayer and modifies the definition of eligible digital gaming media production costs, focusing on wages paid directly to employees involved in game creation. The total annual tax credit allocation remains at $5 million, but now allows any unused credits from a given year to be carried forward to subsequent tax years. These changes are designed to better align the tax credit with the current digital gaming industry's business models and to provide more flexible support for game development companies in New York.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S4715