S 4715 New York Senate · 2025 Regular Session

Relates to the period during which the empire state digital gaming tax credit may be claimed, criteria for such tax credit, and allowing a rollover of such credit

Summary

Extends the period during which the empire state digital gaming tax credit may be claimed to 01/01/2032; amends the eligibility criteria for game development companies by changing the yearly timeframe structure, lowering the dollar threshold per production, and removing the in-state cost incurred threshold to accurately fit current digital gaming industry models; allows unused credits to be rolled over to the following tax year.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 12, 2025 Last action Jan 7, 2026

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What changed between versions

S4715 → S4715A · 3 edits

MINOR

The bill was amended to add a new co-sponsor (Sen. Cooney) and include committee discharge language, indicating it has been reviewed and amended. The main substantive change extends the tax credit period from ending in 2028 to 2032 and adds a provision allowing unused tax credits to be carried forward to future years, providing greater financial flexibility for eligible digital gaming media production companies.

Scope change

The bill's scope was expanded to extend the tax credit eligibility period and add carry-forward provisions for unused credits.

TIMELINE

Extended the tax credit period from ending January 1, 2028 to ending January 1, 2032, allowing companies to claim credits for an additional four years.

ELIGIBILITY

Added a provision allowing unused tax credits to be carried forward to the next taxable year or years, providing flexibility if a company does not use the full credit amount in a given year.

REQUIREMENT

Added new co-sponsor (Sen. Cooney) and included committee discharge language, indicating the bill has been reviewed and amended by the committee.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 7, 2026

Committee

REFERRED TO BUDGET AND REVENUE

upper

Mar 5, 2025

Upper · Passed

PRINT NUMBER 4715A

upper

Mar 5, 2025

Upper · Passed

AMEND (T) AND RECOMMIT TO BUDGET AND REVENUE

upper

Feb 12, 2025

Committee

REFERRED TO BUDGET AND REVENUE

upper

1 primary · 1 co-sponsor