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| 1. Does New York State provide incentives to filmmakers? |
| 2. Qualified Production Facilities |
| 3. Are there sales tax exemptions in New York? |
| 4. Are there any incentive programs for commercials? |
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| Q: |
Does New York State provide incentives to filmmakers?
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| A: |
Yes, the New York State Film Production Credit has been increased and now provides qualified productions with 30% savings on below-the-line expenses. Combined with the Made In New York, a qualified production can save up to 35%! - http://www.nylovesfilm.com/tax/index.htm.
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| Q: |
Is there a list of the Qualified Production Facilities (Stages) that qualify for the Empire State Film Production Credit program? How can my stage qualify?
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| A: |
Follow the link on our website, http://www.nylovesfilm.com/tax/index.htm, to get a list of current Qualified Production Facilities throughout the State and learn which facilities qualify for the program. If you think you may have a stage that could qualify please call 212-803-2330 and ask for an application.
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| Q: |
Are there sales tax exemptions in New York?
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| A: |
Yes. In New York State sales tax exemptions apply to the purchase of property or services that are used or consumed directly and predominantly in the production of a film for sale. For A Guide to Sales Tax for the Film Industry click on http://www.tax.state.ny.us/pdf/publications/sales/pub28_505.pdf.
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| Q: |
Are there any incentive programs for commercials?
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| A: |
Yes! The commercial credit program offers producers shooting commercials in New York State a fully refundable tax credit of from 5% - 25% on qualified expenses.
To see the full text of the regulations, as well as a complete description of the program and to download forms, go to the section of this site titled Incentives: http://www.nylovesfilm.com/tax/CommercialTaxCredit.htm
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