Program Purpose

The New York State Post Production credit program was created in 2010 to support and grow the post production industry in New York State.  Many projects, whose location shooting was done elsewhere, will take advantage of New York’s abundant post-houses and bring the project to New York State for their post production work.

 

Program Highlights

Up to $7 million per year for calendar years 2010-2014 inclusive will be available to the New York State Post Production credit program.  This program is entirely separate from the New York State Film Production Credit program, and applicants to that program may NOT apply to both programs for the same project.

The New York State Post Production credit is a fully refundable 10% tax credit on qualified post production costs paid in the production of a qualified film at a qualified post production facility in New York State.  There are no per-project caps, and there is rollover in the annual $7 million allocation going forward until 2014.

 

Eligibility

Eligible productions include:

• Feature films
• Episodic television series
• Television pilots and presentations
• Television movies and miniseries

 

All of the above must do their post production work at a “qualified post production facility” in New York State.  A “post production facility” means a building and/or complex of buildings and their improvements in which films are intended to be post produced.  A “qualified post production facility” means a post production facility located in New York State, engaged in finishing a qualified film.

In order to be eligible for the credit, the qualified post production costs (as defined on Form B) incurred at a qualified post production facility in New York State must meet or exceed 75% of the total post production costs paid or incurred in the post production of the qualified film at any post production facility anywhere.

 

Application Process

An application can be filed NO SOONER than 60 days before the start of principal photography on the qualified film, but NO LATER than the last day of principal photography (or, in the case of a television series, no later than the last day of principal photography on the first episode of the series).

 

Contact Information
For more information please contact the New York State Governor’s Office for Motion Picture & Television Development at 212-803-2330.

 

Additional Resources
www.nylovesfilm.com