New York – Where We Subsidize Movies?

“State lawmakers have approved the first tax credit to benefit film and television productions in New York, and many in the industry say the incentive will help lure more film productions to the city and the state and counter the flight of film jobs to Toronto, Vancouver and Montreal. … In addition, the measure would permit New York City to contribute as much as an additional $12.5 million annually to the tax credit program.”

Source: The New York Times - 08/17/04