Secondary Incentives
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Incentive Type:
Qualifying Production Types
Animation, Commercials, Scripted TV, Feature Film
Sunset Date
December 31, 2034
None
Wrapbook's Rule to Remember
Qualifying above-the-line pay is capped at $500,000 and 40% of total New York expenditures.
Basic Incentive Information
- Spend30-40%
- Above the Line Residents30-40%
- Above the Line Non-Residents30-40%
- Below the Line Residents30-40%
- Below the Line Non-Residents30-40%
- Minimum Spend$1,000,000*
- Funding Cap$700,000,000
- Project CapNone
- Loan Out RegistrationNo
- Loan Out WithholdingNo
- CPA Audit RequiredYes
- Screen Credit RequiredYes
In order to get the maximum return listed in ranges, check out Additional Bonuses.
Project Criteria
The minimum spend is $250,000 if the majority of principal photography shooting days occur in any other county outside of Westchester, Rockland, Nassau, or Suffolk county or any of the five New York City boroughs. (with the exception of a television pilot)
Features must have a runtime of at least 75 Minutes. TV episodes must have a runtime of at least 30 minutes with commercials.
There are two eligible production levels for the production incentive:
LEVEL 1:
The production has a budget of no more than $15,000,000 and the production is being produced by a qualified independent production company in which no more than 5% of the beneficial ownership is owned directly or indirectly by a publicly traded entity.
Level 1 productions must shoot at least one day of principal photography at a qualified production facility.
LEVEL 2:
The production has a budget over $15,000,000 or is produced by a company in which more than 5% of the beneficial ownership is owned, directly or indirectly, by a publicly traded entity.
Level 2 productions must shoot at least 10% of the total principal photography days at a qualified production facility.
An important note for Level 2 productions is that for any NY spend outside the qualified production facility to qualify, at least 75% of your budget must take place in New York OR you must have at least $3,000,000 in cost of spending at the qualified production facility. If shooting at more than one production facility, at least 75% of the total expenses related to work, excluding post-production, done at all facilities must be related to work done at the qualified production facility.
Contact the film office for more details.
Additional Bonuses
Effective until 2034, there is a maximum of $5,000,000 per year that can be allocated for the Upstate Bonus.
Upstate productions in counties specified above shall include qualifying above-the-line salaries incurred in those counties as eligible for the 10% additional credit.
In addition, if the production company shoots more than 50% of principal photography days in the specified counties, all other qualified costs incurred in those counties are eligible for the 10% additional credit.
Contact the film office for more details.
How to Apply
Contact the film office for more details.
Additional Information
If the amount of the credits is greater than $5,000,000, the credit will be claimed in three equal installments, over a three-year period.
A written anti-harassment form and diversity plans are now required.
Contact the film office for more details.
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Disclaimer
At Wrapbook, we pride ourselves on providing outstanding free resources to producers and their crews, but this page is for informational purposes only as of the date above. The content on our website is not intended to provide and should not be relied on for legal, accounting, or tax advice. You should consult with your own legal, accounting, or tax advisors to determine how this general information may apply to your specific circumstances.