The new bill will increase the credit from 10% to 30% on post-production costs, making it the first of its kind in the country. This applies to projects that spend 75% of their post-productions costs in the state. This bill will surely encourage more projects to bring their post-production work to the Big Apple, which will benefit many in the industry.
Read more information on the new tax credit here: http://www.nyc.gov/html/film/html/incentives/tax_credit_overview.shtml
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