ALBANY - Governor Andrew Cuomo signed legislation Tuesday to strengthen existing incentives to attract the movie industry to Upstate New York.
The new law is designed to expand state support by trying to attract post production work to the area.
"New York State's program of incentives to attract film and television productions to New York has been a tremendous success, generating billions of dollars in economic impact and supporting hundreds of thousands of hires," said Governor Cuomo in a statement. "However, there is potential for this industry to make new investments in communities across the state and in doing so, help make New York the television and film capital of the world. With this legislation, New York is inviting producers, directors, and editors from across the nation to bring their post-production work right here to the Empire State. The new New York supports business and this law is a clear sign that the state stands ready to help enterprises that are looking for new places to invest, expand, and create jobs. I thank the sponsors for their hard work on this new law."
The state has offered tax credits to support the film and television industry since 2004 and producers have spent more than $7 billion in New York.
New York State’s film tax credit program is worth $420 million each year including $7 million for post-production credits. So far, the total credit issued so far has been $1.04 billion for completed projects. The program is responsible for more than 522,000 hires by the film and television industry in New York State.
The new law takes effect immediately.
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Has Cuomo lost his ever lovin' mind or perhaps he never had one......yes?
Ya....perhaps he can entice the next Batman movie makers to come to nys to make their next movie!!!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
talk about tax cuts for the rich (and famous) but he is a dem so its fine
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
there's a new 'Godfather' in the making.....all elbow rubbing for no industry....when did ACTORS start getting more money than a mechanic?
really? so Cuomo wants to give the 'regular joe' a shot at the movies? even if they are just the janitor? Well, I guess that would allow for the janitor to get to meet those 1%er actors and have FB bragging rights....
movie bailout? really? WTF is wrong with us....
entertain me entertain me entertain me.....
when did acting become a 1%er 'art'? don't get me wrong,,,I like a good movie/show as much as the next guy...but it's not a tangible item for trade.....it's air,,,it's show....IT'S ACTING.....
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
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