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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.
Empire State Development CEO Hope Knight defended state incentives like the Film Production Tax Credit even after a damning independent analysis found the nearly $700 million yearly expense to the ...
Gov. 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. Hochul proposed a new $100 ...
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.
House Bill 2, which targets a broad range of incentive programs, aims to simplify the state’s tax code and reduce spending on incentives deemed ineffective or low-yielding. ... of film and TV ...
Kaufman also oversees the new Empire State Film Production Credit incentive program, which is designed to offer incentives to qualified productions choosing to film in New York. The program was signed into law in August 2004 and has already had a significant impact on film and television production in New York. [1]
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 ...
The Mayor's Office of Film, Theatre & Broadcasting (MOFTB) is the oldest film commission in the United States. [1] It is New York City ’s agency responsible for coordinating municipal support for film and television production , including approving film shoots and liaising with government agencies and promoting the industry.
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