New York State Increases Post Production Film Incentive
On July 24, 2012, Governor Andrew M. Cuomo signed legislation to strengthen New York’s film incentives and help attract additional film post-production activity to all parts of the state. Under the new law that takes effect immediately, the qualified film and television post production credit increases from 10% to 30% for work done in the New York metropolitan commuter region, including New York City and Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk and Westchester counties. For locations elsewhere in the state, post-production expenditures would qualify for a credit of 35%. This additional 5% boost is intended to encourage investment in and construction of new facilities in Upstate New York.
The post production credit was established in 2010 and has been underutilized with only 19 applications submitted for it in the past two years. Post production encompasses all editing after filming is complete and includes a broad range of work from visual effects and color correction to sound editing and mixing, as well as the support the film industry receives from engineers and messengers to support staff and creative.
For the full news release about the law change, please click here: Governor Cuomo Signs Legislation to Strengthen State’s Support for Film and Television Industry.