Bill > A07926

This bill amends the New York tax law to define a "film zone" and modify film production tax credits. Specifically, the bill defines the film zone as an area within a 25-mile radius of Columbus Circle in Manhattan. Under the existing film production tax credit program, which runs from 2015 to 2034, film productions can receive a tax credit for qualified production costs in certain New York counties. The bill now excludes any area within the defined film zone from being eligible for the additional 10% tax credit. This means that film productions located within this 25-mile radius of Columbus Circle will not receive the supplemental tax credit, which previously applied to wages, salaries, and other production costs. The change aims to potentially redistribute film production incentives to areas outside of the dense New York City metropolitan region, encouraging film production in other parts of New York State. The bill takes effect immediately upon passage.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A7926