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New York Aims to Reverse Production Decline by Sweetening Tax Credits
New York Gov. Kathy Hochul proposed a series of enhancements to the state's film incentive, in an effort to reverse a dramatic decline in production.
Kathy Hochul offered an array of sweeteners on Tuesday to the New York film and TV tax incentive, as the state looks to combat a sharp decline in production. The Motion Picture Association, which lobbies for the seven major studios, praised Hochul in a statement, calling her “a champion for New York State’s creative community.” The governor’s proposal today to enhance the production incentive program will further our industry’s track record of creating union jobs, establishing talent pipelines, and supporting small businesses.”
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