New York State Film Tax Credit Program (Production)

Objective

The Film Production Tax Credit program is designed to strengthen the film production industry in New York State and its positive impact on the State’s economy.

Program Highlights

To encourage film companies to film in New York, productions which comply with requirements may be eligible for a tax credit of 30% percent of qualified production expenses. Qualified expenses include certain above-the-line wages subject to specific caps, below-the-line wages, and production costs directly related to the production of a qualified film. This tax credit is funded at $700 million a year through 2034.

Productions with a minimum budget of $500,000 may receive an additional 10% credit on qualified labor expenses, including qualified above-the-line wages, in the counties listed below. In addition, all qualified costs incurred in those counties may be eligible for the 10% credit if the production company shoots more than 50% of principal photography days in any of 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.

The program incentivizes the relocation of series to NYS by allowing certain qualified productions to claim, for the first season in NYS after relocation, certain qualified relocation costs as qualified production costs up to a cap of $6 million.

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