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Is New York's film tax credit worth the cost?
Over the last century Hollywood may have become synonymous with stardom, but believe it or not the film and TV industry was born on the east coast.
After being forced to move westward in the early 1900s due to rising production costs and unsatisfactory weather, over the last few decades there’s been a renewed interest in expanding the industry on the east coast. This has resulted in a surge of productions throughout the tri-state area.
The primary reason for that renewed interest? Tax credits.
New York state has one of the most generous film and TV tax credit programs in the country. While it generates plenty of revenue, there are some who believe that New Yorkers are the ones actually paying the price.
On this episode of 1010 WINS In Depth, listen as we break down both the history of cinema in the tri-state area and New York's current film tax credit program in an effort.
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By AudacyOver the last century Hollywood may have become synonymous with stardom, but believe it or not the film and TV industry was born on the east coast.
After being forced to move westward in the early 1900s due to rising production costs and unsatisfactory weather, over the last few decades there’s been a renewed interest in expanding the industry on the east coast. This has resulted in a surge of productions throughout the tri-state area.
The primary reason for that renewed interest? Tax credits.
New York state has one of the most generous film and TV tax credit programs in the country. While it generates plenty of revenue, there are some who believe that New Yorkers are the ones actually paying the price.
On this episode of 1010 WINS In Depth, listen as we break down both the history of cinema in the tri-state area and New York's current film tax credit program in an effort.