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
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 PRODUCTS