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New York to Triple Tax Credit

We’ve been getting a lot of productions to come to our little State of Massachusetts, some have even called us the best state to shoot in due to our excellent tax credit. If you’re from Mass, it’ll come to no surprise that New York is looking to compete with us once again, this time for our film productions.

Having lost many films to Connecticut, New Jersey, and Massachusetts, New York legislation is looking to increase their tax credit to 30% from 10%. Combined with the additional 5% offered for filming in New York City, filmmakers can see a 35% credit to their productions.

The proposed bill has been approved in the state legislature, and only needs the approval of new Governor David Paterson.

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