NY Expands Film Incentives Amidst Trump Tariff Threat
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New York Governor Kathy Hochul signed a budget including expanded film and television production incentives through 2036, boosting the annual allocation by $100 million, prioritizing independent projects. These incentives include a 30% base incentive with regional increases, additional credits for larger productions, and relaxed restrictions on above-the-line labor costs. Meanwhile, a potential Trump administration tariff on foreign-produced content has the film industry on edge, while California is also considering expanding its own incentives.
New York Governor Kathy Hochul signed a budget including expanded film and television production incentives through 2036, boosting the annual allocation by $100 million, prioritizing independent projects. These incentives include a 30% base incentive with regional increases, additional credits for larger productions, and relaxed restrictions on above-the-line labor costs. Meanwhile, a potential Trump administration tariff on foreign-produced content has the film industry on edge, while California is also considering expanding its own incentives.
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