By Tom Precious
Albany -- Here is the provision of Jimmy’s Law. It is the expansion of the state’s film and television tax break program, which likely will be used by NBC when Jimmy Fallon takes over the Tonight show and re-locates it to Manhattan from Los Angeles next year.
The provision, contained in the "revenue" budget bill introduced before midnight last night, permits "relocated" television shows to get in on the tax reductions for working in New York.
The paragraph states: "Relocated television production shall mean, notwithstanding the limitations of subparagraph (i) of paragraph three of this subdivision, a television production that is a talk or variety program that filmed at least five seasons outside the state prior to its first relocated season in New York, the episodes are filmed before a studio audience of two hundred of more, and the relocated television production incurs (i) at least thirty million dollars in annual production costs in the state, or (ii) at least ten million dollars in capital expenditures at a qualified production facility in the state."