A Good Person
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Late Fees: New York State’s Film Tax Credit Delays
Increasing delays in receiving the New York State film tax credit are affecting profitability and even dissuading some from shooting in the state, say a number of independent producers. What has long been one of the most robust and dependable of tax credits in the nation has become less appealing to producers and financiers due to timelines that can stretch out to five years from the start of principal photography. These lengthening timelines, especially in the face of rising interest rates, affect independent films needing to borrow against the credit more than studio and streamer productions, which are often fully […]
by Scott Macaulay on Mar 16, 2023
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