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Four Points Flushing. The Official Hotel of the Queens Baseball Convention and The MediaGoon.com

Tuesday, March 31, 2009

NY FILM TAX INCENTIVES

Albany Doles out Cash for TV/Film Production in NYC

Though it's likely not enough to make a significant impact, New York State has rationed $350 million for TV/film production in New York City in its budget, which was finalized over the weekend and is being voted on tomorrow. Industry experts are worried that the funds will not be enough to entice long term commitment to filming in New York as the money would run out in less than a year.

Despite the final outcome on the budget, the industry will continue to rally behind other legislation that would provide unlimited funding for production incentives.

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