|Additional incentives or advantages|
- - Sales Tax Exemption for below the line costs.
An additional 5 percent credit may be available in the Post-Production Program for costs incurred in Upstate NY, outside the Metropolitan Commuter Transportation District (MCTD).
There is also a 30-35% stand-alone post production credit for qualified projects, providing 75% of post is done in NY.
For the period 2015-2019, productions with budgets over $500,000 can receive an additional 10 percent credit on qualified labor expenses incurred in specified counties.
The currrent list of eligible countries include: Albany, Allegany, Broome, Cattaraugus, Cayuga, Chautauqua, Chemung, Chenango, Clinton, Cortland, Delaware, Dutchess, Erie, Essex, Franklin, Fulton, Genesee, Hamilton, Herkimer, Jefferson, Lewis, Livingston, Madison, Monroe, Montgomery, Niagara, Oneida, Onondaga, Ontario, Orleans, Oswego, Otsego, Schenectady, Schoharie, Schuyler, Seneca, St. Lawrence, Steuben, Tioga, Tompkins, Ulster, Wayne, Wyoming and Yates.
There are now two types of eligible feature film and television productions, Level 1 (aka “independent” productions – defined in the law) and Level 2 productions. For more info please visit: http://www.nylovesfilm.com/tax.asp