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Your voice matters! The New York Production Alliance represents the unified voice of the film, television and commercial production and post production industry in New York City and New York State. Representing 75,000 people, together we promote, grow and strengthen the entertainment industry in New York!

NEW YORK STATE EXTENDS PRODUCTION TAX INCENTIVE PROGRAM through 2019

April 3, 2013 -  The extension and enhancement of the State’s popular film and television tax credit through 2019 will provide the stability necessary to allow the state to attract more long-term investments and create more jobs for New Yorkers all across the state.

The extension expands the scope of projects eligible for the credit, accommodates the rise of visual effects spending as a portion of overall budgets, and includes provisions to drive more film production and post-production upstate. There are also provisions adding transparency and accountability to increase the state’s return on investment, protect the film credit program’s integrity, and reduce program costs by adding new third party reporting and oversight provisions.

The newly expanded and enhanced film and television tax credit program will:
(download summary 2013 FilmTaxCreditfactsheet)

• Extend the credit at $420 million for five additional years (through 2019)

• Increase the amount set aside for the stand-alone post production credit from $7 million to $25 million (effective from 2015 allocation onward)

• Boost upstate production by setting aside $5 million per year to be used for an additional 10% credit on below-the-line labor costs incurred in specific upstate counties* (effective 2015-2019)

• For productions that film in NYS and qualify for the film production tax credit:

• Eliminate the 75% threshold on post-production costs so that all qualifying post-production costs incurred in-state are credit-eligible (effective immediately)

• Provide an additional 10% credit for below-the-line labor costs incurred in specific upstate counties for both production and post-production (effective 2015)

• For productions that did not film in NYS or only apply for the post production tax credit:

• Separate Visual Effects and Animation from all other post production costs and create a lower threshold for this category of costs, so films that incur either 20% or $3 million of all their Visual Effects and Animation qualified costs in NYS can receive a credit on this category (effective immediately)

• Maintain the threshold for post-production costs excluding Visual Effects and Animation so that these ‘traditional’ post costs qualify if 75% of the qualified costs in this category are incurred in NYS (effective immediately)

• Provide an additional 10% credit on post-production labor costs incurred in specific upstate counties (effective 2015)

• Allow a “relocated television production” to qualify as a qualified film.  A relocated television production is defined as a talk or variety television production that filmed at least five seasons prior to its first relocated season in New York, has a studio audience of 200 or more people, and either incurs at least $30 million in annual production costs in the State or incurs at least $10 million in qualified capital expenditures at a qualified facility (effective immediately)

• Require enhanced quarterly reporting by Film Office and independent audit and economic impact statement of the film credits to be prepared once every two years

*Upstate Counties Eligible for 10% Bump on Labor Costs:

To apply for the program please contact the New York State Governor’s Office for Motion Picture & Television Development at 212-803-2330 or www.nylovesfilm.com

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New York Faces in Production
The short film below was produced by NYPA with all donated guild and union professionals’ time from IA Local 52, IA Local 600, Teamsters Local 817, MPEG IA Local 700, DGA and SAG, whom we owe our gratitude. Special thanks to Sound One, CEC, NBCU, MPAA member company New York productions, Silvercup, Kaufman Astoria and Steiner studios.

 

 

 

 

 

UPDATE: STAND ALONE POST CREDIT
INCREASED TO 30%-35%

July 24, 2012 — Governor Cuomo has signed legislation increasing the NY State Post Production tax credit to 30% for productions working within the Metropolitan commuter region (including NY City, and Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk and Westchester counties), and to 35% for post-production expenditures in locations elsewhere in the state.

This program is entirely separate from the New York State Film Production tax credit program (which includes post production), and applicants to that program may NOT apply to both programs for the same project. For information on the New York State Film Production credit, go to http://www.nylovesfilm.com/tax/