New York Codes, Rules and Regulations
Title 5 - DEPARTMENT OF ECONOMIC DEVELOPMENT
Chapter XVII - EMPIRE STATE FILM PRODUCTION TAX CREDIT PROGRAM
Part 170 - EMPIRE STATE FILM PRODUCTION TAX CREDIT PROGRAM
Section 170.12 - Biennial report

Universal Citation: 5 NY Comp Codes Rules and Regs ยง 170.12

Current through Register Vol. 46, No. 12, March 20, 2024

The department shall file a report on a biennial basis with the director of the Division of the Budget and the chairs of the Assembly Ways and Means Committee and Senate Finance Committee. The report shall be filed within 15 days after the close of the calendar year. The first report shall cover a two year period that begins on January 1, 2013. The report must be prepared by an independent third party auditor and include:

(a) information regarding the Empire State film production credit and post production credit programs including the efficiency of operations, reliability of financial reporting, compliance with laws and regulations, and distribution of assets and funds;

(b) an economic impact study prepared by an independent third party of the film credit programs; and

(c) any other information and/or other statistical information that the commissioner deems to be useful in analyzing the effects of the program.

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