Thanks to the efforts of SAG-AFTRA members and staff working in conjunction with other unions and labor leaders, the New York State Legislature recently passed several measures that will continue to promote a vibrant entertainment industry in New York State.
Among the highlights are:
• The Empire State Production Incentive Program, worth $2.1 billion ($420 million per year) has been extended from 2015 to 2019.
• For areas north and west of Albany, $5 million has been allocated to a 40-percent credit on qualified labor costs from 2015-2019.
• After 42 years in L.A., The Tonight Show is returning to New York in 2014 thanks to favorable incentives included in this package (see story above).
• The Post-Production Tax Credit will increase from $7 million to $25 million from 2015-2019 on qualified expenditures.
• More detailed reports will be required to track the efficiency and effectiveness of the new incentive programs.
Stay informed and stay involved! Legislators in Albany, Trenton and Washington, D.C. listen to us because they listen to you. When lawmakers hear from our members about important issues, they know we mean business. Watch for announcements asking you to contact your elected representatives on behalf of SAG-AFTRA. It definitely pays off!
This article was originally featured in the May 2013 local e-newsletter.
News
- Tags:
- Newsletter