SB 7509 was signed by Governor Cuomo on April 3, 2020. The bill makes the following changes to the New York State Film Tax Credit Program:

  • Lowers the credit amount of qualified production and post-production costs from 30% to 25%;
  • Implements a minimum budget requirement of $1M for productions with a majority of shooting days within Westchester, Rockland, Nassau, or Suffolk county or any of the five New York City boroughs, and $250K for productions with a majority of shooting days in any other county of the state (pilots are excluded from this rule);
  • Excludes “variety shows” from qualified productions;
  • Extends the credit through 2025.

These changes are for applications received on or after April 1, 2020.


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