ANNOUNCEMENT 31 Dec 2015

In 2015 a film company received New York Film Production Tax Credit program credits for a local production.

 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

https://cdn.esd.ny.gov/Reports/2015_2016/FTCP_4Q2015_Report.pdf and https://esd.ny.gov/new-york-state-film-tax-credit-program-production

Inception date: 31 Dec 2015 | Removal date: open ended

Tax or social insurance relief

Under the New York Film Production Tax Credit program credits of $420 million per year can be allocated and used to encourage companies to produce film projects in New York. Production companies may be eligible to receive a fully refundable credit of 30 percent of qualified production costs and post-production costs incurred in New York State.

One such production to receive this incentive in 2015 was Orange is the New Black Season 3, for which Lionsgate received $10,277,247.

AFFECTED SECTORS

 
961

AFFECTED PRODUCTS

 
N/A