NYS Tax Incentives

NYS Tax Incentives

Looking to produce or post a film, tv show, commercial,
music video, documentary or student film in NYS?

Make your first stop

New York State Governor’s Office for Motion Picture & Television Development (NYS GOMPTD)

Call them 212-803-2330 or visit website for email contact form.
They provide:

  • Assistance navigating Film/Tv production and post incentives
  • Location services to all filmmakers in NYS, regardless of applying for incentives, help finding locations and liaising with State run facilities, parks and agencies
  • Connections to appropriate municipalities across the State
  • Reverse FAM tours – where they bring film commissioners from all NYS regions to NYC office to discuss resources, assistance and locations in their areas
  • Connections with community give back outreach
  • A monthly newsletter showcasing the industry across NYS

NYS Location Gallery

NYS has a full time Locations Manager to assist you.

NYPA

We have contacts for all Film Offices across NYS.

Production Tax Credit Overview

Program credits of $420 million per year can be allocated and used to encourage companies to produce film projects in New York and help create and maintain film industry jobs.
Production companies may be eligible to receive a fully refundable credit of 30 percent of qualified production costs and post-production costs incurred in New York State (NYS).
For the period 2015-2022, productions with budgets over $500,000 can receive an additional 10 percent credit on qualified labor expenses incurred in the following counties: Albany, Allegany, Broome, Cattaraugus, Cayuga, Chautauqua, Chemung, Chenango, Clinton, Columbia, Cortland, Delaware, Dutchess, Erie, Essex, Franklin, Fulton, Genesee, Greene, Hamilton, Herkimer, Jefferson, Lewis, Livingston, Madison, Monroe, Montgomery, Niagara, Oneida, Onondaga, Ontario, Orange, Orleans, Oswego, Otsego, Putnam, Rensselaer, Saratoga, Schenectady, Schoharie, Schuyler, Seneca, St. Lawrence, Steuben, Sullivan, Tioga, Tompkins, Ulster, Warren, Washington, Wayne, Wyoming, or Yates.
There is a maximum of $5 million per year that can be allocated for the additional 10 percent credit on qualified labor expenses.

Post Production Tax Credit Overview

Program credits of $25 million are set aside from the $420 million allocated to the Film Production Program.
These credits can be allocated and used to encourage companies to post their film projects in New York and help create and maintain film industry jobs.
Production companies may be eligible to receive a fully refundable credit of 30 percent of qualified post-production costs incurred in New York State (NYS).
An additional 5 percent credit may be available in the Post-Production Program for costs incurred in Upstate NY, outside the Metropolitan Commuter Transportation District (MCTD). The MCTD includes: New York City, Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk, and Westchester counties.
For the period 2015-2022, productions with budgets over $500,000 can receive an additional 10 percent credit on qualified labor expenses incurred in the following counties: Albany, Allegany, Broome, Cattaraugus, Cayuga, Chautauqua, Chemung, Chenango, Clinton, Columbia, Cortland, Delaware, Dutchess, Erie, Essex, Franklin, Fulton, Genesee, Greene, Hamilton, Herkimer, Jefferson, Lewis, Livingston, Madison, Monroe, Montgomery, Niagara, Oneida, Onondaga, Ontario, Orange, Orleans, Oswego, Otsego, Putnam, Rensselaer, Saratoga, Schenectady, Schoharie, Schuyler, Seneca, St. Lawrence, Steuben, Sullivan, Tioga, Tompkins, Ulster, Warren, Washington, Wayne, Wyoming, or Yates
There is a maximum of $5 million per year that can be allocated for the additional 10 percent credit on qualified labor expenses.

Voluntary Third Party Auditing

Empire State Development press release (December 2014) After studying best practices from across the country, ESD has made the decision to implement a voluntary initiative that allows applicants to submit final applications with 3rd party audit reviews by pre-qualified CPA firms. This new process will further improve and expedite the tax credit process for companies. The full list of pre-approved CPA firms is listed  here. Key elements include:

  • The program is voluntary;
  • Only pre-qualified CPA firms may be used;
  • Rigorous review standards;
  • Transparent process – the firms and procedures are posted on ESD’s website;
  • and ESD still reviews to ensure complete applications are submitted and CPA reviews are in compliance with the procedures.

It’s important to note that this change will also benefit those productions which opt not to undergo third party auditing, by allowing ESD’s internal auditors more time and flexibility in their application review process. As a result, the introduction of these new procedures will be a positive development for all participants in New York’s Film Tax Credit Program, from indies to tent-poles. The Film Tax Credit Program has experienced great success in recent years. The addition of a third party auditing option further strengthens the program and ensures that the credits will be issued in a timely manner while providing greater transparency and accountability to New York State taxpayers.​

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