News on your favorite shows, specials & more!

New York State Passes 2011 Budget Including Film Tax Credits

By: Aug. 04, 2010
Enter Your Email to Unlock This Article

Plus, get the best of BroadwayWorld delivered to your inbox, and unlimited access to our editorial content across the globe.




Existing user? Just click login.

Late Tuesday, New York state lawmakers passed the $136 billion budget for the 2011 fiscal year. Within the budget, tax credits worth an annual $420 million were set for film and television production within the state.

In a statement, John Johnston, head of the New York Production Alliance, said, "The governor and legislature should be congratulated for their farsighted support of a program that returns more to the state than it costs and keeps and creates jobs for New Yorkers - jobs that could have gone to other states."

According to a March 2010 Hollywood Report article, the previous film incentive program gave almost $7 billion into the state's economy from 2004 to 2008. Also, the program allowed almost 63,000 people to be employed, resulting in over $5 million in wages in 2008. New York ranks second behind California in terms of jobs and number of projects filmed.

 




Videos