In case you haven't been following the recent news, Governor Hochul has a new proposal for the NYS Film Production Tax Credit to start in 2024. With the new legislation, the plan is to increase the credit from 25% up to 30% for all eligible production and post-production in New York State. There is also potential for a bonus 10% film tax credit available specifically for labor costs incurred in upstate New York. The potential change for increased incentives can help lead to more film and TV crew working in the state, leading to job creation, economic growth, and a more vibrant cultural scene.
To make this possible, the industry needs your support! The New York State legislators still have until April 1st to finalize the state's budget. This past week, the Production Initiatives Association (PIA) has gone to Albany to help advocate for the Governor's plan for a more robust film incentive. Here are some ways you can help:Sign the petition (if you haven't already)Share the petition to friends, family & professional networks via email list or social mediaPost a comment on the petition page explaining the reason for your support or how the film tax credit benefits you/your businessGet involved behind the scenes by becoming a member of the Production Initiatives AssociationBy signing this petition, you're joining the fight to keep the art of filmmaking alive. More than ever, supporting the communities and industries you love is vital. So sign the petition today and support the film industry as a whole! Searching for studio spaces, post production houses, or soundstages? Visit our contact page and subscribe to our newsletter to receive updates on current and upcoming facilities.