×
You will be redirected back to your article in seconds

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

  • Festival director Thierry Fremaux speaks to

    Cannes: Thierry Fremaux on the Lineup's Record Number of Female Directors, American Cinema and Political Films

    The Cannes Film Festival has unveiled a lineup for its 72nd edition that includes some high-profile Hollywood titles, genre movies and films from 13 female directors. The official selection has been applauded by many for mixing established auteurs like Pedro Almodovar (“Pain and Glory”), Terrence Malick (“A Hidden Life”) and Xavier Dolan (“Matthias and Maxime”) [...]

  • RUDOLF NUREYEV 1961

    Film Review: 'Nureyev'

    It would be absurd to say that Rudolf Nureyev lived, or danced, in anyone’s shadow. He was a man who leapt and twirled and flew onstage, all muscle but light as a feather, with a freedom and force that reconfigured the human spirit. There’s no denying, though, that over the last few decades, and especially [...]

  • Die Kinder Der Toten review

    Film Review: 'Die Kinder Der Toten'

    The hills are alive (or rather, undead), with the sound of music (also mastication and the moaning of zombies) in Kelly Copper and Pavol Liska’s experimental, dialogue-free, home-movie-style riff on Elfriede Jelinek’s “Die Kinder Der Toten” (The Children of the Dead). A seminal text in Jelinek’s native Austria, the 1995 book has never been translated [...]

  • Idol review

    Film Review: 'Idol'

    How many twists can a plot undergo before it snaps? This, more than any of the many political, moral and personal conundrums that snake through “Idol,” seems to be the question writer-director Lee Su-jin is most interested in posing with his extravagantly incomprehensible sophomore feature. A seedy political thriller by way of grisly revenge movie [...]

  • The Last to See Them review

    Film Review: 'The Last to See Them'

    Truman Capote’s “In Cold Blood” stretches long as a late-evening shadow over Italian director Sara Summa’s feature debut “The Last to See Them.” The Italian title, “Gli Ultimi Viderli Vivere” which translates literally to “The Last to See Them Alive,” is also the heading of the opening chapter of Capote’s book. The setting is, similarly, [...]

  • Kalank

    Film Review: ‘Kalank’

    Events leading to the 1947 Partition of India serve as the forebodingly serious backdrop for the exhaustingly overextended razzmatazz of “Kalank,” writer-director Abhishek Varman’s lavish but ponderous Bollywood extravaganza, which opened in the U.S. on more than 300 screens the same day as its Indian release. Despite the preponderance of sets and costumes spectacular enough [...]

  • WGA Agency Packaging Fight Placeholder Writer

    WGA: 92 Percent of Writers Who Signed Statement of Support Have Fired Agents

    The Writers Guild of America estimated that over 92 percent of their members who support a new code of conduct for talent agencies have fired those representatives. Letters announcing formal termination will be delivered on Monday, the guild said in a late-hitting memo on Thursday, as most agencies will be closed tomorrow in observance of [...]

More From Our Brands

Access exclusive content