×

New York State’s Film Production Incentive Gets Three-Year Extension

New York State’s newly approved budget, passed by the state senate nine days after the April 1 start of the fiscal year, includes a three-year extension of the Film Production Tax Credit program, the production incentive that has helped make New York — both state and city — a hotbed of production activity in recent years.

The overall $153.1 billion budget includes provisions for the three-year extension of a production incentives program that hadn’t been set to expire until 2019. As proposed by New York Governor Andrew Cuomo, the new extension brings the expiration date up to 2022, reupping with $420 million per year to sustain a program that includes fully refundable tax credits of 30% on productions and post-production costs incurred in New York state, plus an additional 10% credit on projects with budgets of more than $500,000.

“This will ensure stability and predictability for television and motion picture producers that utilize one of the most successful incentive programs worldwide,” said Chris Dodd, who is Hollywood’s chief lobbyist as the chairman and CEO of the Motion Picture Association of America. “New York will continue to create thousands of jobs and add billions of dollars to the New York State economy as even more television series and feature film productions will locate in the Empire State.”

In New York City alone, the long list of TV shows that film in the city range from “The Blacklist” to “Gotham” to “Mr. Robot” to “Younger,” in addition to a slew of daytime and late night talk shows and news offerings. Feature films currently in the area include Nicole Holofcener’s “The Land of Steady Habits” and Neil Burger’s “Untouchable” with Nicole Kidman and Bryan Cranston.

Other components of the state budget, which was passed late April 9, include raising the age of criminal responsibility from 16 to 18, as well as free tuition at public colleges for families making less than $125,000 annually.

More Film

  • Picture Tree Intl. Picks Up Carolina

    Picture Tree Intl. Picks Up Carolina Hellsgård's 'Sunburned' (EXCLUSIVE)

    Picture Tree Intl. has acquired the rights to Carolina Hellsgård’s “Sunburned,” the follow-up feature to her zombie drama “Endzeit – Ever After.” PTI will be presenting first footage from the film, currently in post-production, at this year’s German Films Previews (July 3-6). “Sunburned” follows solitary teenager Claire on a family holiday in Spain. Neglected by [...]

  • Whoopi Goldberg addresses the crowd while

    Inside World Pride's Opening Ceremony: An LGBTQ Celebration With a Tinge of Politics

    World Pride officially kicked off on Wednesday night at the Barclays Center in Brooklyn. About 8,000 people packed into the arena for a three-hour show that began with Cyndi Lauper singing her hit “True Colors.” The performance ended with a gaggle of dancing drag queens who pranced alongside Lauper as she turned the train of [...]

  • Amy Adams (left) as Lynne Cheney

    Film News Roundup: Makeup Artists and Hair Stylists Guild Sets Awards Show for Jan. 11

    In today’s film news roundup, the 2020 awards season schedule gets finalized; AFM will cover immersive content; “Murderous Trance” and “7 Days to Vegas” get acquired; and Kate Katzman has been added to “The Comeback Trail.” AWARDS DATE The Makeup Artists & Hair Stylists Guild has set Jan. 11 as the date for its seventh [...]

  • Disney Pandora World Of Avatar, Lake

    The Piano Guys Play 'Avatar' Theme in Disney World (Watch)

    The YouTube sensation The Piano Guys have taken a trip to the world of Pandora for a performance of the theme to “Avatar.” Shot in the bioluminescent floating forest in Disney World, cellist Steven Sharp Nelson and pianist Jon Schmidt put their spin on the score to James Cameron’s 2009 blockbuster. The video immerses the [...]

  • Editorial use only. No book cover

    Billy Drago, 'Untouchables' Star, Dies at 73

    Billy Drago, who often played harming but chilling gangster roles and appeared in Brian De Palma’s “The Untouchables” and Clint Eastwood’s “Pale Rider,” died Monday in Los Angeles of complications from a stroke. He was 73. The character actor played Al Capone’s henchman Frank Nitti in 1987’s “The Untouchables.” On TV series “Charmed,” he put [...]

  • Grant Sputore

    'I Am Mother' Director Tackles Margot Robbie-Produced Thriller 'Augmented'

    Warner Bros. has hired “I Am Mother” director Grant Sputore to helm the science-fiction thriller “Augmented” which Margot Robbie is producing, Variety has learned exclusively. Michael Lloyd Green is rewriting an original script by Mark Townend. Denise Di Novi and Tom Ackerley are also producing. Production companies are Robbie’s LuckyChap and Di Novi’s eponymous Di [...]

More From Our Brands

Access exclusive content