Production Incentives Database

New York  

Click here for specific information for:    Commercial   Post Production   
Incentive TypeNon-Transferable Refundable Tax Credit
Spend30%
Above the Line ResidentsN/A
Above the Line NonresidentsN/A
Below the Line Residents30-40%
Below the Line Nonresidents30-40%
Bonus 1Productions with budgets over $500,000 may received an additional 10% credit on qualified labor expenses incurred in certain Upstate counties including:The new counties added are 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, Suffolk, Sullivan, Tioga, Tompkins, Ulster, Warren, Washington, Wayne, Wyoming, Or Yates; effective 2015-2019.
Project CriteriaFeatures Runtime must at least be 75 Minutes
TV episodes Runtime Must at least be 30 Minutes with commercials (22-23 Minutes without)

75% of the project must incur in NY.

There are two eligible production levels for the Film production Incentive:

Level 1:
- The production has a budget of no more than $15 million and
- The production is being produced by a qualified independent production company in which no more than 5% of the beneficial ownership is owned directly or indirectly by a publicly traded entity

Level 1 productions must shoot at least one day of principal photography at a qualified production facility.

________

Level... Read More
Loanout Registration RequiredNo
Loanout WithholdingNo
Annual Funding Caps$420,000,000
Project CapsNone
Minimum SpendNone
Sunset Date12/31/2019

New York State Governor's Office for Motion Picture & TV Development (the Office)
633 Third Avenue, 36th Floor, new York, NY 10017

Gigi Semone, Executive Director
Phone: 212 803 2330
EmailWebsite

Also Applies To:
Animation
Commercials
Documentaries
Game Shows
Interactive
Industrials
Music Videos
News
Sports
Reality TV
Audit Requirements
Audits are performed by the State; producers can opt to have final applications reviewed by pre-qualified CPA firms to expedite approval process.
Getting Started
Submit a complete application with required materials prior to the beginning of principal photography and begin production within 180 days.

Screen Credit Required
Yes
Company Registration
No
Sales Use Tax Relief
Yes
Hotel Occupancy Tax Relief
No
Local Vendors Qualify
Yes
Outside Vendors Qualify
Yes
Claiming Incentive
Submit the final application to the Office within 60 days after completion of the production of a qualified film.
Additional Information
Separate Post Production Only Incentive - Please see Sub-state page for further info.

Separate Commercial Incentive- Please see Sub-state page for further info.

If the amount of the tax credits issued is $1-$5 million, the credit will be claimed in equal installments over a two year period. If the amount of the credit greater than $5M, the credit will be claimed in three equal installments, over a three year period.



Last updated: 12/07/2016
Production Incentive Disclaimer
The encapsulated production incentive information on this page is provided for general purposes only and should not be construed as tax advice. While we do our utmost to keep all information up to date, production incentives change often. The best source for incentive details is the film office itself. For more explanation or detail about the production incentive described here, please contact our resident production incentives expert at incentives@media-services.com.