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New York is poised to dramatically increase its film tax incentive from $420 million a year to $700 million, as it looks to stave off competition from New Jersey and Georgia. Gov. Kathy Hochul ...
Accounting for production spending going to in-state people and businesses versus out-of-state people and businesses, the film tax credit program resulted in $32.6 million in new spending for the Massachusetts economy. The film tax incentive program generated additional Massachusetts state GDP of $168.5 million and personal income of $25.2 million.
Made in NY is an incentive program and marketing campaign of the City of New York Mayor's Office of Film, Theatre & Broadcasting.Under the program, television and film productions which complete at least 75% of their shooting and rehearsal work in New York City are eligible for marketing incentives and tax credits, and can display the Made in NY logo in their closing credits.
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But the new numbers also show that of the $73.3 million total that the state reports spending on film tax credits for 2021 productions, a whopping $46.3 million went to Don't Look Up.
Commonwealth Mag: Patrick seeks cap on film tax credit; Commonwealth Mag: Working in the dark - advocating for transparency in tax credit policies; MA Dept. of Revenue: A Report on the Massachusetts Film Industry Tax Incentives; MBPC: Film Industry Tax Credit Brief; DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT: The Economic and Fiscal ...
Gov. Gavin Newsom said Friday that his budget proposal will add $30 million to the state’s film and TV tax incentive program this year, as the state doles out a $75 billion surplus. The $30 ...
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