New York Gov. Andrew Cuomo Proposes Production Incentive Extension

New York Governor Andrew Cuomo has proposed a three-year extension of the state’s production incentive program.

Cuomo unveiled the extension Tuesday night as part of his proposed budget for the 2017-18 fiscal year. The three-year extension will take the program through 2022.

The tax credit had been set to expire in 2019, prompting recent lobbying efforts for an extension by Teamsters Local 817 and MPAA president Chris Dodd, along with New York City studio heads. The New York state film tax credit program was initiated in 2004 and provides $420 million annually in tax breaks to qualified production companies that make feature films or television series, pilots and movies.

A 2015 report by Boston Consulting Group, commissioned by New York City, said the film and TV industry contributes close to $9 billion to the local economy annually. Dodd issued a statement Wednesday praising Cuomo.

“Because of Governor Cuomo’s vision and leadership, there are now 130,000 New Yorkers employed in the television and motion picture industry,” he said. “The entertainment industry has invested over $16 billion producing our television series and motion pictures in New York since 2010, money that is reinvested in New York’s communities and small businesses. The proposed extension of the production incentive program will ensure our member companies continue to grow their investment in New York, which is now one of the greatest locations in the world to do business.”

The Directors Guild of America also praised Cuomo: “The Directors Guild of America applauds Governor Cuomo for his continued leadership, and thanks him for including a three-year extension of the Empire State Film Production Tax Credit in his budget. The positive impact of the incentive on the economy, jobs and local business is enormous. Between 2005 and 2015, as production increased by more than 300%, the earnings of our members who live and work in New York’s communities grew 350%. This simply would not have happened without the incentive.”

Popular on Variety

Empire State Development, the agency that administers the program, has said at least 541 movies and TV series have been shot in New York utilizing the incentives.

SAG-AFTRA New York Local President Mike Hodge said in a statement, “SAG-AFTRA is grateful to Governor Cuomo for his leadership in recognizing the substantial economic benefits this tax incentive program brings to New Yorkers. Film, television and other productions now create over 140,000 SAG-AFTRA covered entertainment jobs every year in New York. The proposed extension of the tax incentive program, combined with the extraordinary talent of our local members, will ensure that producers continue to invest and thrive here.”

Hal G. Rosenbluth, President & CEO of Kaufman Astoria Studios in Queens, also weighed in:

“The Governor’s support of the Tax Credit is a great economic policy.  The Tax Credit combined with New York’s great talent drives the 9-billion-dollar production industry in New York.  The industry creates in excess of 100,000 high paying jobs and spends millions of dollars in the local community for goods and services.  Having the Tax Credit in place encourages Kaufman Astoria Studios and its counterparts to invest in building new infrastructure to service and grow the industry.  With this extension of the Tax Credit the Governor has established a win-win for the economy.”


More Film

  • Taylor Swift Variety Facetime

    Taylor Swift Opens Up About Overcoming Struggle With Eating Disorder (EXCLUSIVE)

    In the new Taylor Swift documentary, “Miss Americana,” which premiered at the Sundance Film Festival Thursday night, there’s a montage of derogatory commentary about the singer that has appeared on cable shows over the years. One of the less nasty remarks: “She’s too skinny. It bothers me.” As it turns out, it eventually bothered Swift, [...]

  • The Painter and the Thief

    'The Painter and the Thief': Film Review

    Incredible. That’s the word that comes to mind with Benjamin Ree’s “The Painter and the Thief,” a stranger-than-fiction friendship story in which vérité techniques produce unbelievable results. I don’t mean to imply that this astonishing documentary isn’t truthful. Rather, I’m in awe of how things played out, and fully aware that there was a certain [...]

  • 'The Cost of Silence': Exclusive First

    'The Cost of Silence': Exclusive First Look at Sundance Doc on Deepwater Horizon Spill

    “The Cost of Silence,” a new documentary about the aftermath of the 2010 Deepwater Horizon explosion, doesn’t just chronicle the worst oil drilling disaster in history. It looks at the devastating impact that the use of chemicals called “dispersants” had on Gulf Coast families. It turns out the so-called cleanup was not the success story [...]

  • Cuties

    'Cuties': Film Review

    Eleven-year-old Senegalese immigrant Amy (Fathia Youssouf) reckons there are two ways to be a woman. Amy could mimic her mom (Maïmouna Gueye), a dutiful drudge with three kids and a husband who’s just announced he’s bringing home a second wife. Or she could copy the “Cuties,” a quartet of brazen girls who wear tube tops [...]

  • Crip Camp

    'Crip Camp': Film Review

    If “Crip Camp” strikes you as a politically incorrect name for a movie about a summer camp where kids on crutches, in wheelchairs, and otherwise living with disabilities found it possible to feel included rather than ostracized, consider this: The irreverent, stereotype-busting documentary was co-directed by Berkeley-based sound designer Jim LeBrecht, a spina bifida survivor [...]

  • Summertime

    'Summertime': Film Review

    “Use your words.” I remember one of my sheroes saying that to a stammering 4-year-old decades ago. Here was a woman who’d dedicated her life to preschool education, whom I assisted for several summers, trying to get through to a tongue-tied little boy. The more he sputtered, the more upset he got, unable to express [...]

  • Mickey Rourke

    Film News Roundup: Mickey Rourke's 'Adverse' Opens Fantasporto Festival

    In today’s film news roundup, a Mickey Rourke crime drama will premiere in Portugal, a film about the Purdue Pharma scandal is in the works and the documentary “After Parkland” will be shown at 100 locations on the second anniversary of the Parkland shootings. FESTIVAL OPENER The world premiere of Mickey Rourke’s crime drama “Adverse” [...]

More From Our Brands

Access exclusive content