New York Senate Bill S02575 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 2575 2025-2026 Regular Sessions  IN SENATE January 21, 2025 ___________ Introduced by Sen. ORTT -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to repeal certain provisions of the tax law, relating to the Empire state film production credit and the Empire state film post production credit The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 24 of the tax law is REPEALED. 2 § 2. Section 31 of the tax law, as added by section 12 of part Q of 3 chapter 57 of the laws of 2010, is REPEALED. 4 § 3. Clause (E) of subparagraph (ii) of paragraph (b) of subdivision 1 5 of section 210-B of the tax law is REPEALED. 6 § 4. Subdivision 20 of section 210-B of the tax law is REPEALED. 7 § 5. Subdivision 32 of section 210-B of the tax law is REPEALED. 8 § 6. Clause (v) of subparagraph (B) of paragraph 2 of subsection (a) 9 of section 606 of the tax law is REPEALED. 10 § 7. Clause (xxii) of subparagraph (B) of paragraph 1 of subsection 11 (i) of section 606 of the tax law is REPEALED. 12 § 8. Clause (xxxi) of subparagraph (B) of paragraph 1 of subsection 13 (i) of section 606 of the tax law, as added by section 14 of part Q of 14 chapter 57 of the laws of 2010, is REPEALED. 15 § 9. Subsection (gg) of section 606 of the tax law is REPEALED. 16 § 10. Subsection (qq) of section 606 of the tax law, as added by 17 section 15 of part Q of chapter 57 of the laws of 2010, is REPEALED. 18 § 11. Subdivision (b) of section 1201-a of the tax law is REPEALED. 19 § 12. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03674-01-5