Comments on: Top shows may be leaving NYC

By: NYS Tax Incentives For Filming Still Lack Funding

NYS Tax Incentives For Filming Still Lack Funding — Fri, 20 Feb 2009 12:00:28 +0000

[...] posted on Filming In Brooklyn Top Shows May Be Leaving NYC [Filming In Brooklyn] Like this post? Please help me out by promoting [...]

By: Tracy

Tracy — Sat, 14 Feb 2009 03:50:29 +0000

Nathan, as always, I’m glad you’re here to give the industry side of a situation, & explain the exact details of the tax credit program.
I think it would be a huge loss for the city & the state for shows & movies to leave. As you said Nathan, there are the sales & property taxes, as well as income taxes. Then there’s all the equipment rental companies, etc. And of course all the actors & crew members who would be out of work.
Selfishly, I love the look & feel of shows & movies actually filmed in NY. You can tell the difference, nothing can substitute for it.
Amy, thanks for reporting this, & great comment that you left on the article itself.

By: Nathan

Nathan — Fri, 13 Feb 2009 02:57:52 +0000

Oh, and savvy enough to know the difference between NY and Toronto doesn’t translate into Producers giving a shit. I’m working on two different Pilots right now that will each shoot 2-3 days in NY and the remainder in Toronto.

By: Nathan

Nathan — Fri, 13 Feb 2009 02:56:04 +0000

Actually, in the long run, the Tax Credit generates revenue for the State, not the other way around. Ernst & Young recently completed a study showing that for every $1.00 credited, it generates $1.90 in revenues paid (in the form of sales, property and other taxes paid by suppliers and employees of the projects in question.)

Also, the way the law was written, (the formula for when Producers realize the credits), the credits being paid for shows in Production now will be spread out until 2013. The State takes in the money long before it “credits” (i.e. refunds it) to the productions.

The credit never actually costs the State a dime (even in the form of money to be recouped later).

By: Teddy

Teddy — Fri, 13 Feb 2009 02:25:07 +0000

Unfortunately, with hospitals closing, our transit system falling apart & teachers/state workers getting laid off, Albany has higher priorities at the moment. I know it sucks for people in the film biz, but that’s the economic reality.

If Albany doesn’t renew it, I’m sure they will when the economy improves, hopefully next year. The films & TV shows will come back like they always do because this is New York. A lot of people today are savvy enough to know the difference between Toronto & the real New York.

By: Nathan

Nathan — Thu, 12 Feb 2009 23:42:01 +0000

I can tell you of five TV pilots that were planning to shoot here that have pulled out since the Tax Credit isn’t being renewed.

By: neigborhood threat

neigborhood threat — Thu, 12 Feb 2009 22:21:46 +0000

Selfishly I would like my neighborhood and my parking back. however, i would not be glad for my friends in the industry.

i would like these productions to put a little more cash into the neighborhoods they exploit.