N.Y. film tax credit is economic driver
Lawmakers eye extending program through 2015
By Georg Szalai
March 16, 2010, 11:40 AM ET
Updated: March 16, 2010, 10:47 PM ET
NEW YORK — The Empire State’s $420 million production tax credits program, part of the state budget bill lawmakers are considering, has received a shot in the arm.
New York comptroller Thomas DiNapoli issued a report Tuesday that credits previous incentive programs with driving $7 billion into the state’s economy from their 2004 launch through 2008. He also credits the program with contributing to the employment of as many as 63,000 people in 2008, double-digit-percentage job creation since the start of the incentives, as much as $5 billion in wages in 2008 and boosting state and local tax coffers Read the rest of this entry »