New York Post Production
|Incentive Type||Non-Transferable Refundable Tax Credit|
|Above the Line Residents||N/A|
|Above the Line Nonresidents||N/A|
|Below the Line Residents||25-40%|
|Below the Line Nonresidents||25-40%|
|Bonus||Productions with budgets over $500,000 may received an additional 10% credit on qualified labor expenses incurred in certain Upstate counties including: Albany, Allegany, Broome, Cattaraugus, Cayuga, Chautauqua, Chemung, Chenango, Clinton, Cortland, Delaware, Erie, Essex, Franklin, Fulton, Genesee, Hamilton, Herkimer, Jefferson, Lewis, Livingston, Madison, Monroe, Montgomery, Niagara, Oneida, Onondaga, Ontario, Orleans, Oswego, Otsego, Schenectady, Schoharie, Schuyler, Seneca, St. Lawrence, Steuben, Tioga, Tompkins, Wayne, Wyoming, or Yates. There is a maximum of $5 million per year that can be allocated for the additional 10 percent credit on qualified labor expenses.|
|Bonus||Post production Only projects may receive an additional 5 percent credit for post-production costs incurred in upstate New York outside the Metropolitan Commuter Transportation District (MCTD). The MCTD includes New York City, Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk, and Westchester counties.|
The Program is limited to the post-production of feature films, television series, relocated television series, television pilots, and films for television.
The post-production credit is available when the project was filmed predominantly outside of the State and the film production company contracts their post-production work to companies in NYS specializing in post-production work.
Post-production costs associated with the production of original content for a qualified film that are incurred at a qualified post-production facility in New York State are eligible.
A qualified post-production facility is any company located in NYS and... +Read More
|Loanout Registration Required||No|
|Annual Funding Caps||$25,000,000|
**Tax credit certificates issued on or after January 1, 2020 to productions will be reduced by .25%(a quarter of 1%) to be transferred to the Empire State Entertainment Diversity Job Training Development Fund.
Post production applications can be submitted no sooner than 60 days prior to the start of principal photography, but no later than the last day of Principal Photography.
Visual effects and animation costs qualify for a credit if either 20% or $3 million of all such costs are incurred in New York State.
An additional 5% credit may be available for post production costs if post facility is located in Upstate New York, outside the Metropolitan Commuter Transportation District (MCTD).
File in the completion year of the Post. Contact Film office claiming the credit.
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Last updated: 04/10/2020
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