The New York State budget, already 16 weeks late, is affecting the film and TV production industry in the state. That's because the budget includes a five-year film and TV production tax-credit program worth $420 million annually.The state has lost hundreds of millions in dollars in tax money [Full Story…]
TV Industry Urges State Lawmakers to Keep Tax Credit
March 3, 2009 at 9:44 am
Actors and labor leaders gathered at Kaufman Astoria Studios to voice their concerns over the ending New York City tax credits for film and TV production. They want the Empire State Film Production Tax Credit to be a permanent program and to remove caps from funding. Connecticut, in which tax [Full Story…]
State Tax Incentives for TV/Film Production Run Out
February 9, 2009 at 9:28 am
The TV/film production industry, which has recently received attention as being one of the thriving sector's in the City's economy, might soon see a slowdown due to an end to New York State tax incentives, which were introduced in 2004.The $685 million budget, which was projected to last [Full Story…]
TV/Film Production and Telecom Performing Well
February 5, 2009 at 9:57 am
Though the economy continues to wane, certain technology sectors are growing in New York City. Among them is film and TV production, which experienced a 9% spike in employment last year, making it the best performing industry in the economy. Electricians, painters and set builders are benefiting the [Full Story…]
Own a local business?
Recent Comments