NEW YORK - POST PRODUCTION

NEW YORK

Upstate uplift: 10% on qualified wages, salaries, and compensation for services performed in a qualified county and for productions with a budget over $500K

Click here to see county list.

Qualified postproduction costs are costs associated with the production of original content for a qualified film that are incurred at a qualified post-production facility in New York State. A qualified post-production facility is any company located in NYS and engaged in providing post-production services to film and television.

5% on qualified expenses incurred in Upstate NY, outside the Metropolitan Commuter Transportation District (MCTD). The MCTD includes New York City, Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk, and Westchester counties.

Applicants complete and submit the Project Summary Form online. All other documents which comprise a complete application are submitted through the secure file transfer system. When submitting an application for the Post-Production Credit, all required materials must be submitted in order for the application to be deemed complete.

Individual: Not Required

Loan-out: Not Required

• New York has introduced a mandatory 0.5% contribution for a workforce development program which will be deducted from all tax credit certificates issued after Jan 1, 2023.

A film production company can qualify for the post-production credit if it meets either one or both of the following thresholds:

• Visual Effects and Animation - The qualified VFX/Animation costs incurred at a qualified post-production facility in NYS must EITHER meet or exceed:
  • 20% of the total VFX/Animation costs paid or incurred for VFX/Animation for the qualified film at any post-production facility anywhere; OR $3M
  • Post-Production - The qualified post-production costs incurred at qualified facilities in NYS, (excluding cost for VFX/Animation), must meet or exceed 75% of the total qualified post-production costs paid or incurred in the post-production of the film at any post-production facilities.