Governor Andrew M. Cuomo’s Office for Motion Picture and Television Development announced that a record 24 productions have selected New York State for their post-production work as a result of new legislation the Governor signed into law, this July. With this new law in effect, New York will be on an even playing field with Los Angeles and Canada in best incentives available for post production work including visual effects, color correction, sound editing and mixing, along with thousands of other jobs the industry touches, from engineers and messengers to creative and support staff.

The new law increased the available post production credit from 10 percent to 30 percent in the New York metropolitan commuter region, including New York City and Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk and Westchester counties. An additional five percent (for a total of 35 percent) in tax credits were made available for post-production expenditures in locations elsewhere in the state. The additional five percent in tax credits for upstate post production was designed to encourage investment in and construction of new facilities in upstate New York.

“Under the leadership of Governor Cuomo, the state’s television and film incentives program is attracting new productions that are resulting in more investment in New York and more jobs for New Yorkers,” said Empire State Development President, CEO & Commissioner Kenneth Adams. “It is clear that New York is becoming the place to be for the film and television industry.”

The larger film production credit program, The New York  State Film Production Credit program, is a 30 percent fully-refundable tax credit on qualified expenses while filming in New York State, which also includes post-production expenses, as long as 75% of total post-production work is done in New York State.

To learn more about the State’s film and television incentive programs, go to: http://www.nylovesfilm.com/tax.asp.