Section 1201-A. Credits against taxes administered by cities of one million or more

* (a) Any utility company subject  to  the  supervision  of  the  public  service  commission  required  to  grant rebates or discounts on
  bills for energy services or natural gas in accordance with a local  law
  adopted  pursuant  to  article  two-F  of  the general city law shall be
  entitled to a credit for such rebates and discounts, as provided in such
  article of the general city law, against the amount of tax  to  be  paid
  pursuant  to  any  gross  receipts  tax  imposed  by a local law adopted
  pursuant to subdivision (a)  of  section  twelve  hundred  one  of  this
  chapter.  The amounts of such rebates and discounts shall not be treated
  as affecting or reducing the gross receipts  otherwise  subject  to  tax
  under  such  gross receipts tax or reducing the amount of tax imposed by
  or pursuant to any authorization contained in this chapter.
    * NB Effective until January 1, 2014
    * Any utility company subject to the supervision of the public service
  commission required to grant rebates or discounts on  bills  for  energy
  services  or natural gas in accordance with a local law adopted pursuant
  to article two-F of the general city law shall be entitled to  a  credit
  for  such  rebates  and  discounts,  as  provided in such article of the
  general city law, against the amount of tax to be paid pursuant  to  any
  gross   receipts  tax  imposed  by  a  local  law  adopted  pursuant  to
  subdivision (a) of section twelve  hundred  one  of  this  chapter.  The
  amounts  of such rebates and discounts shall not be treated as affecting
  or reducing the gross receipts otherwise subject to tax under such gross
  receipts tax or reducing the amount of tax imposed by or pursuant to any
  authorization contained in this chapter.
    * NB Effective January 1, 2014
    * (b) Empire state film production credit.  Any  city  in  this  state
  having  a  population  of  one million or more, acting through its local
  legislative body, is hereby authorized to adopt and amend local laws  to
  allow   a   credit   against   the   general  corporation  tax  and  the
  unincorporated business tax imposed pursuant to the authority of chapter
  seven hundred seventy-two of the  laws  of  nineteen  hundred  sixty-six
  which  shall  be  substantially  identical  to  the credit allowed under
  section twenty-four of this chapter, except that (A) the  percentage  of
  qualified  production  costs used to calculate such credit shall be five
  percent, (B) whenever such section  twenty-four  references  the  state,
  such  words shall be read as referencing the city, (C) such credit shall
  be allowed only to a taxpayer  which  is  a  qualified  film  production
  company,  and (D) the effective date of such credit shall be July first,
  two thousand six. Such credit shall be applied in  a  manner  consistent
  with  the  credit  allowed  under  subdivision thirty-six of section two
  hundred ten of this chapter except as may  be  necessary  to  take  into
  account   differences  between  the  general  corporation  tax  and  the
  unincorporated business tax.
    * NB Repealed January 1, 2014
    * (c) Empire state commercial production  credit.  Any  city  in  this
  state  having  a  population  of one million or more, acting through its
  local legislative body, is hereby authorized to adopt  and  amend  local
  laws  to  allow  a  credit  against  the general corporation tax and the
  unincorporated business tax imposed pursuant to the authority of chapter
  seven hundred seventy-two of the  laws  of  nineteen  hundred  sixty-six
  which  shall  be substantially identical to the credit allowed under the
  provisions of section twenty-eight of this chapter, except that (A)  the
  percentage  of  qualified production costs used to calculate such credit
  shall be five percent, (B) whenever such section twenty-eight references
  the state, such words shall be read as referencing the  city,  (C)  such
  credit  shall  be  allowed  only  to  a  taxpayer  that  is  a qualified

  commercial production company, and (D) the effective date of such credit
  shall be as provided in local laws. Such credit shall be  applied  in  a
  manner consistent with the credit allowed under subdivision thirty-eight
  of section two hundred ten of this chapter except as may be necessary to
  take  into  account  differences between the general corporation tax and
  unincorporated business tax.
    * NB Repealed December 31, 2011