Updates to New York State Film Tax Credit Program Extend Timeline but Reduce Credit
On April 3, 2020, Governor Cuomo signed Assembly Bill 9509 and Senate Bill 7509, which amend the Empire State Film Production and Post-Production Tax Credit Programs for applications received on or after April 1, 2020. The good news, especially in light of New York’s COVID-created 10-billion-dollar revenue gap, is that...