film production tax credits

WAMC, Allison Dunne

New York Governor Andrew Cuomo recently signed legislation that expands the additional 10 percent Empire State film production tax credit to counties in the Hudson Valley and Catskills. It also raises to 40 percent the tax credit offered elsewhere in the state. Local officials and film professionals have high hopes.

The Tonight Show is coming home to New York - the late night program left for California in 1972, but the lure of state tax credits has proven irresistible to the NBC television network. The show is expected to generate more than 100 million dollars in economic benefits for the Empire State. But not everyone supports the film tax credit.

popturfdotcom's photostream Flickr

A New York State Assemblyman from the Hudson Valley has an idea about how to restore funding for not-for-profit programs for people with developmental disabilities. He admits there is some resistance to his plan, but insists opponents don’t see the big picture.