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Bill > S08229


NY S08229

NY S08229
Permits "A Beautiful Noise, LLC" to file an application for a New York city musical and theatrical production tax credit for 2022.


summary

Introduced
05/23/2025
In Committee
05/23/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT relating to permitting "A Beautiful Noise, LLC" to file an application for a New York city musical and theatrical production tax credit

AI Summary

This bill creates a special exception for "A Beautiful Noise, LLC", a New York City musical and theatrical production company, allowing them to file an application for the New York City musical and theatrical production tax credit for the 2022 tax year, despite missing the original filing deadline. Specifically, the bill permits the company, located at 1501 Broadway Suite 1304, to submit a claim for the tax credit even though they did not file by the prescribed due date set by the commissioner of economic development. The tax credit is designed to support local theatrical productions, and this bill provides a one-time opportunity for this specific company to retroactively apply for the credit. The legislation will take effect immediately and applies to tax years beginning on or after January 1, 2022, and before January 1, 2026, giving the company a window of opportunity to benefit from this special provision.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS (on 05/23/2025)

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