New York Courts Film and TV – Again

It was almost a year ago that I reported that the state tax credit that funded film and television production in New York had run out of money.  This week, Governor Paterson expanded that tax credit to $420 million a year, and extended it to run through 2014.  This is great news filmmakers, and also for Kaufman Astoria Studios, which is opening a new sound stage next month. In return, producers are required to “conduct at least ten percent of shooting days at a qualified facility; provide a notice at the end of a film or television show acknowledging financial support from New York state; and purchase property and services from registered sales tax vendors. In an effort to boost the state’s post-production industry, at least 75% of all post-production work needs to be done in New York.” says Crain’s.

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