Post-Production Tax Credits

New York State recently enacted a law increasing the percentage of tax credits available for post-production film work performed in New York State.   The tax credit is expected to incentivize more production companies to do business in New York.   New York State began offering tax credits to support the film and television industry several years ago, but has faced increasing competition from other states, such as Connecticut, offering their own tax credits to film and television companies.

Under the new law, the qualified film and television post-production tax credit in the New York City region increases from 10 percent to 30 percent, plus an additional five percent (for a total of 35 percent) in tax credits for post-production expenditures elsewhere in the state.

For further information on New York’s film production and post-production tax credits or other legal issues concerning motion picture and television production in New York please feel free to call upon any RPL Attorney, including Deena R. Merlen,  Nicole Page or Helen D. (“Heidi”) Reavis, who regularly counsel and assist clients in this area.

This article is intended only as a general discussion of these issues.  It is not considered to be legal advice or relied upon.  We would be pleased to consider providing additional details or advice about specific situations.