New York Film Tax Credits | Entertainment Tax Credits in New York | Film Tax Credit in NY

Film Production Capital provides tax credit-based financing for films in New York, as well as television, digital interactive media (video games), and all other qualifying entertainment productions. We are the largest purchaser/financier of entertainment tax credits in the country that specializes in independent productions. You can find some of the highlights involving New York film tax credits below.

New York Highlights:
• 30% refundable state tax credit, capped annually at $75 Million
• 5% refundable New York City cap in addition to above, capped annually at $30 Million.
• 75% of production’s facility (7,000+ sq ft for total complex) expenses in NY required.
• If spend at facility is less than $3 mil, then 75% of location days must be in NY, if less, then credit is reduced.
• If facility is in New York City and 75% of location days are done within New York City, can receive additional 5% credit.
• Must shoot at least part of the production at a qualified “facility” for the incentive.
• Expenditures include cost for property or services used in NY, including extras with no lines.
• Generally excludes IP costs, and wages for writers, directors, producers and talent.
• First-come, first-serve with annual cap, New York City refund is over 2 tax years.
• New York City will also kick-in marketing and promotional costs equal to 1% of qualified expenditures.

If you are interested in obtaining more information about our services in New York, or any other state, please call us at 1-866-454-9205 or email us at info@filmproductioncapital.com.

Governor’s Office for Motion Picture and TV Development: www.nylovesfilm.com
New York Incentives Information: http://www.nylovesfilm.com/tax.asp