NEW YORK — The Empire State Development Corp., with the help of the Motion Picture Assn. of America, has published a comprehensive guide to the tax advantages of filming in New York.
The 51-page reference provides clear instructions on how to claim the numerous tax exemptions available in New York state for film, television and commercial production.
“For years, producers have been seeking a clear, straightforward guide to the tax savings they could find in New York state,” said Empire State Development Corp. chairman Charles Gargano. “With the help of the MPAA, we have done just that.”
Most below-the-line costs associated with film and TV production are exempt from the 8.25% sales tax charged in New York City and the 4.25% sales tax charged in the rest of New York state. Because production is defined as a manufacturing process, the exemptions apply to services such as film editing, processing and assembling as well as parts, tools, supplies, fuel, props and sets.
Gargano pointed out that other states offer certain tax incentives for film and TV production, but that New York is among the few that provide immediate relief. After obtaining certification, production companies are not required to pay sales taxes. In some states, taxes are paid first and then refunded after paperwork is filled out.