NY A10768

Extends the Empire State commercial production tax credit expiration date from January 1, 2019 to January 1, 2024 for qualified commercial production companies.

Maintains the requirement that at least 75 percent of production costs (excluding post-production) must be incurred directly in New York State for eligibility.

Applies the extended credit to taxpayers subject to tax under Article 9-A (corporation tax) or Article 22 (personal income tax) who are qualified commercial production companies or sole proprietors thereof.

Updates the expiration provision in Tax Law section 210-B subdivision 23 and section 606 subsection (jj) to align with the new January 1, 2024 expiration date.

Takes effect immediately upon enactment.