Bill > S02575

This bill proposes to completely eliminate two tax credits related to film production in New York State: the Empire State Film Production Credit and the Empire State Film Post Production Credit. Specifically, the bill repeals multiple sections of the New York State tax law that previously established these credits, including provisions in sections 24, 31, and various subsections of sections 210-B and 606. The Empire State Film Production Credit was a tax incentive designed to encourage film and television production within New York State by offering financial benefits to production companies, while the Post Production Credit was aimed at supporting post-production work done in the state. By repealing these sections of the tax law, the bill effectively ends these tax credits, which means film and television productions will no longer be eligible for these specific tax incentives in New York. The bill is straightforward in its approach, simply striking out the existing language that established these credits, and it is set to take effect immediately upon passage.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S2575