New York
Incentive:
• 30% - 40% Tax Credit
Credit:
• 30% for Qualifying Film and Television Production
• 10% Additional for Budgets over $500,000 and Qualified Labor Expense
Requirements:
Level 1:
• Production: Less than $15M and less than 5% publicly traded entity
• Set and Shoot: Minimum 1 day in New York State
• 75% Expenses in New York State
Level 2:
• Production: Greater than $15M and more than 5% publicly traded entity
• Shoot on Build Set: Minimum 10% days at facility in New York State
• 75% Expenses in New York State
Program:
• Annual Funding Cap: $420,000,000
• Annual Funding Cap for 10%: $5,000,000
• Loan-out Registration: No
• CPA Audit: Yes
• Screen Credit: Yes
• Sunset Date: 2024
• It is highly recommended that applications be submitted at least 10 business days prior to the start of principal photography.
Website: https://www1.nyc.gov/nycbusiness/description/film-production-tax-credit
Mayor's Office of Media & Entertainment
1697 Broadway, 6th floor
New York, NY 10019
(212) 489-6710
Julie Menin
Commissioner