Representing Film Financiers and Producers

NY Film Tax Incentives Cut?

Only weeks after the New York Times reported the benefits of New York’s tax breaks for film and television production, the New York Post reports that there is no additional funding in the current New York State budget to fund the program. As a result, zero television pilots are schedule for production this year in New York, which might be an indication that feature film production could slow.

Keep an eye on New Jersey’s production numbers as scheduling flows out of New York.

Other States to watch:

California – In light of the economy, California may up its tax credits in an effort to attract production.

Michigan – Motown Motion Picture Studios recently announced it would build a $54mm studio in Pontiac due largely to the tax credit this state offers.

New Mexico – A recent study by Ernst & Young shows a significant positive impact on this state’s economy.