Tax Credit

Our on-site staff is available to meet all your needs 24/7. Competitive pricing plus 30% tax credit ensures your production stays on budget.

Extend the program by five years, from 2029 through 2034
Increase annual funding allocation from $420 million to $700 million, increase the post-production carve out to $45 million
Return the base credit percent back to 30% from 25%
Include as qualified costs, with double-caps, above-the- line wages for writers, directors, specific producers, actors, and composers capped per individual at $500,000, and capped per production at 40% of all other qualified production costs
Accelerate the time in which new productions can claim their credit by allowing new productions to claim their credit for their tax credit allocation year, rather than the year after their allocation year
Include eligible above the line wages in the existing 10% “upstate” bump on labor costs and adds production costs that are used and consumed upstate for productions which shoot 50% or more of their principal photography upstate.
Incentivize the relocation of series by allowing, for the first season in NY after relocation, as eligible qualified relocation costs, up to $6million
Shorten the time a relocating talk/variety series must be in production before gaining eligibility, from five years to two years

For more information or to answer any questions about the Film Tax Credit Program, please contact (212) 803-2328 or filmcredits@esd.ny.gov.