New York State allocates $700 million per year in tax credits to encourage companies to produce film projects under the New York State Film Production Credit Program.
Production companies that film in Rockland County may be eligible to receive a fully refundable credit of 30% for qualified production expenses incurred.
Film productions that receive New York’s Film Tax Credit generate on average more than $9 in economic activity for every $1 awarded in State incentives. The program also supports more than 57,000 jobs, $1.2 billion in private investment and $12 billion in wages each year.
Qualified production costs are for tangible property or services used or performed within New York State directly and predominantly in the production of a qualified film. Qualified costs include certain above-the-line salaries subject to specific caps, and most below-the-line items associated with production such as set construction, crew, camera equipment, grip equipment, props, etc. Post-production costs such as film editing, sound design and effects, and visual effects may be qualified costs for purposes of the film production credit. Eligibility requirements vary based on the type of film, production company and the budget.
The program is limited to feature films, television series, certain relocated talk/variety television series, certain eligible narrative television series, television pilots, and films for television. For more information on eligibility requirements, please visit the New York State Film Tax Credit Program website.
The Post-Production Tax Credit program is designed to strengthen the post-production industry in New York State and its positive impact on the State’s economy. Program credits of $25 million are set aside from the $700 million allocated to the Film Production Program.
The program is limited to the post-production of feature films, television series, relocated television series, television pilots, and films for television. For more information on the NYS Post-Production Tax Credit Program please visit the New York State Film Tax Credit Program Post-Production website.
Applicants must complete and submit the Project Summary Form online on the New York State Film Tax Credit Program website. For more information, please contact the Film Tax Credit Program at (212) 803-2328 or via email at filmcredits@esd.ny.gov.