New York Governor Proposes Three Year Extension of Tax Credits

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The following is a statement from Senator Chris Dodd, Chairman and CEO of the Motion Picture Association of America, on New York Governor Andrew Cuomo’s recently released budget proposal. The proposed budget for FY 2017-18 includes a three-year extension, through 2022, of the state’s production incentive program.

“Because of Governor Cuomo’s vision and leadership, there are now 130,000 New Yorkers employed in the television and motion picture industry. The entertainment industry has invested over $15 billion producing our television series and motion pictures in New York since 2011, money that is reinvested in New York’s communities and small businesses. The proposed extension of the production incentive program will ensure our member companies continue to grow their investment in New York, which is now one of the greatest locations in the world to do business.”

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