Sentences with phrase «film production tax»

The movie company expects to apply for the state's film production tax credits in addition to Start - Up NY.

New York Governor Andrew Cuomo recently signed legislation that expands the additional 10 percent Empire State film production tax credit to counties in the Hudson Valley and Catskills.

State officials say New York's film production tax credit program helped snare the project.

Cuomo hailed the announcement as a success for the state's film production tax credit, which offers refundable tax credits to film and television production companies that operate in the state.

What spurred Hollywood's sudden interest in Ulster County, according to County Executive Mike Hein, was Hein's successful effort to lobby state lawmakers to extend a 40 percent film production tax credit, available in almost all upstate counties, to Ulster.

Not exact matches

Several states offer tax credits to television and film production companies that make a television series or feature film in that state.

Half a billion pounds was spent on UK film production last year alone; and tax relief (thanks Gordon) runs at just under # 1million per film.

«HMRC has put in place generous reliefs to support genuine business investment and our tax reliefs for the creative industries work well, enabling the UK's world - class film, television and video production companies to compete on the global stage,» a spokesperson said.

Amid the aftershock of the deepening scandal over producer Harvey Weinstein's alleged decades of sexual assault, New York's film and television business community is worried that a proposed amendment to the state's production tax credit would dissuade productions from shooting here.

Cuomo's added commitments are topped off by the extension of $ 420 million a year in state tax credits for film and TV production — the most generous giveaway of its kind in the country.

DeFrancisco said he's not going to drop his criticism of the state's film tax credits, a program that awards $ 420 million annually to one industry and stands to benefit the hub's first tenant, The Film House, a movie production studio.

Intended to make New York a more attractive filming location, the film tax credit program offers refundable tax credits to film and television companies for production costs incurred while operating in the state.

In his state - of - the - county address on Tuesday, County Executive Mike Hein called on the state to enact legislation that would include Ulster in a tax - credit program to encourage film production companies to work here.

He highlighted the governor's economic policies, including his support for a $ 425 million a year program that provides tax credits to film productions.

The most significant are a five year extension of 2 percent «Section 18 - a» assessments on utility energy sales, with a $ 500 million annual impact on business and residential ratepayers, and a five year extension of the $ 420 million per year «film production» tax credit.

New York offers more tax breaks than any other state and is home to 21 percent of film production, after California's 52 percent.

That's why I've called for diverting $ 45 million from the state's $ 420 million film and television production tax credit to go for boosting salaries for our direct care workers.

Finally, the report said that a tax credit for film and television production, which Cuomo has proudly expanded, «should be scaled back because it does not appear to pay for itself in its current form.»

«The state's film tax credit job claims are a fiction straight out of the Hollywood productions they're forcing New York taxpayers to finance.

Empire State Development Takes Home Emmy Award for Best Corporate Welfare Reclaim New York Initiative offered the following statement in response to Empire State Development's shameless bragging about taxpayer - financed productions winning Emmy awards: «The state's film tax credit job claims are a fiction straight out of the Hollywood productions they're forcing New York taxpayers to finance.

Hein added that, with the tax credit in place, Ulster County stood to be even more competitive than other Hudson Valley communities like Poughkeepsie and Newburgh due to its status as the first county beyond New York City where film productions are not subject to the state's MTA tax.

What began a few years ago as a trickle of small independent films shot in and around Kingston has of late turned into a veritable flood, including big - budget productions with real movie stars, thanks to a new tax break and efforts by local officials to woo and accommodate the industry.

With the new tax incentive, Hein said, film and television production is poised to emerge as a full - fledged sector of the county's economy, like tourism or agriculture.

Under Gov. Andrew Cuomo, New York has continued to lure film and television productions with generous tax credits.

The state spends $ 450 million on tax credits to boost film production in New York.

Adds to New York's most - generous - in - the - nation tax subsidies for film, TV and other «Hollywood» production.

«The film production credit, now generally 30 percent of qualifying costs, is large relative to industry profits and tax liability,» the addendum says.

The concept was to provide a state - of - the - art sound stage and production facility that, combined with New York's generous film tax credits, would draw film producers to town.

Buoyed by an additional $ 25 million production tax credit and peak TV, there's been an explosion of movies and shows filming in New York — from superhero dramas to sitcoms.

Previously, Flanagan has targeted some of Cuomo's multibillion - dollar economic development programs, including $ 420 million in tax breaks to film and TV productions in exchange for often short - term jobs created in New York.

He also said 2018 will see an effort to push the state legislature to extend film tax credits so the boom in film and TV production the county has seen of late will continue.

Mr. Cuomo who has championed the expansion of a tax - credit program for film and television production, also received numerous donations from that industry, including $ 41,000 from NBCUniversal, $ 6,000 from the Motion Picture Association of America and $ 5,000 each from Paramount Pictures, Warner Brothers Entertainment and Disney.

Start - Up NY and Film Tax Credits It was the package of tax benefits that convinced Ryan Johnson, president of the newly formed Film House LLC, to move his film production business from Los Angeles to DeWitt, N.Y., he saTax Credits It was the package of tax benefits that convinced Ryan Johnson, president of the newly formed Film House LLC, to move his film production business from Los Angeles to DeWitt, N.Y., he satax benefits that convinced Ryan Johnson, president of the newly formed Film House LLC, to move his film production business from Los Angeles to DeWitt, N.Y., he said.

The film credit has an additional value to Upstate production companies - the benefits go from a 30 percent Downstate tax benefit to a 40 percent tax benefit.

New York State already provides tax credits for many other purposes, including film and TV production, job creation, economic development and domestic beer brewing.

Johnson said New York beat other states — like Louisiana, Georgia, North Carolina and Mississippi — that offer tax credits for film production.

Done and near - done deals Tax breaks for film production companies: This multiyear incentive is worth $ 420 million a year to the industry.

The story of what went on behind the scenes was as interesting as what ended up on the screen — if not more so — as the world learned when Greg Sestero, a star of the film and compatriot of Wiseau, pulled back the curtain in his 2013 book The Disaster Artist, in which he chronicled his life as a friend to Wiseau and the ridiculously lengthy and taxing production of The Room, while also trying to shed some light on the legend of Tommy Wiseau.

Despite the battle to get the film made and the physically taxing production, the actress and producer feels it will all be worth it if audiences are inspired by the movie like she was inspired by Strayed.

After an unsuccessful attempt with a «Cat People» remake at Warner Bros, Bill Condon and producer Michael Laughlin decided to collaborate on Condon's early version of «Dead Kids,» and with assistance from Hemdale and tax incentives from the New Zealand government, began production in northern New Zealand, with an eclectic mix of American actors: Dan Shor had recently appeared in John Huston's «Wise Blood»; Dey Young had just debuted in «Rock and Roll High School»; Michael Murphy was a Woody Allen alumnus; and Mark McClure had achieved a kind of immortality as Jimmy Olson in the «Superman» films.

That projectfell through after changes in tax rules affecting film production in the UK.

The Utah Film Commission, which provides networking and tax incentives to an industry that spent $ 66 million in the state in the last fiscal year, recently instituted a policy that mandates any film production using the commission's resources must have a workplace - harassment policy in place.

Early in the twenty - first century, Louisiana, one of the poorest states in the United States, redirected millions in tax dollars from the public coffers in an effort to become the top location site globally for the production of Hollywood films and television series.

The success of Canada's tax credit model in attracting film and television projects to the major production centers of Vancouver,... [more]

Legal advice on film financing, tax credits, production incentives, and securities laws.

Her film and TV clients can rely on her to shepherd a production from development to post-production, including securing intellectual property rights, negotiating distribution and broadcast agreements, engaging talent, errors and omissions review, and navigating the funding agencies, financing models and tax credit opportunities both in Canada and with international partners.

Let us be your entertainment lawyer toronto go to firm to assist you with film / tv production legal work (including review of chain of title, errors & omission, option agreement and writer, talent, key crew, director and producer agreement and preparation of provincial & federal tax credits.