Please note: The amount of credits available has increased from $240 million per year to $700 million per year starting in 2024 and lasting 10 years through 2034. The Post Production credit has been increased up to $45 million of the $700 million annual allocation. The base production incentive has increased from 25% to 30% of qualified production costs. Qualified production costs have been expanded to include "above the line" costs including salaries of actors, writers, directors and up to two producers. Inclusion of these above-the-line salaries is subject to a $500,000 cap per individual and limited to 40% of the total qualified expenses.
Listed below you will find links that will provide you with additional information regarding the New York State Film Tax Credit Program.
The New York State Film Tax Credit Program is very robust and is managed by an experienced team at the Empire State Development Corporation.
Post-Production Credit: You may partner with our local post-production houses such as Cadence Effects.
Film Tax Credits Quarterly Reports:
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