Tax Credits - New York

http://www.nyc.gov/html/film/html/incentives/made_ny_incentive.shtml
Tax Credit – For films and television productions that complete at least 75% of their stage work in New York City.

- 5% refundable tax credit from NY City
- Incentive is based on NY production costs

Marketing Credit - For film and television productions that complete 75% of their work in New York City. Outdoor media valued at 1% of NYC production costs will be offered to participating productions for co-branded advertising related to the “Made in NY” production.

- Bus shelters
- Broadcast on New York City Media Group Assets:
NYC TV (reach: 8 Million Households in tri-state area)

In conjunction with the marketing credit, a Cultural Benefit allows productions to make a cultural donation equal to .1% of their production costs, to a not-for-profit cultural institution of their choice, in exchange for the marketing credit. The donation would be made in the name of talent or an executive associated with the project, and is intended to support the theatrical, film, writing, and other local arts institutions that nurture upcoming talent and strengthen the City’s creative community.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!