Make your contribution now and help Gothamist thrive in 2023.New York will provide $280 million a year more to the film and television industry as part of the sprawling $229 billion state budget, which lawmakers began approving Monday afternoon.
An additional 10% credit is available in certain counties north of New York City, while the budget will also create a 5% credit for TV shows that relocate to New York from another state.as part of her original budget proposal in February, citing increased competition from other states that have recently increased their film subsidies. That includes New Jersey, which attracted film productions such as "Oppenheimer, Bros and Mean Girls: The Musical" after boosting its tax credit.
New York’s film subsidy program has long been a subject of debate at the state Capitol, with critics calling it an overly generous credit that is too narrowly focused on an industry specializing in transient productions. NBC’s "The Blacklist," Amazon’s "The Marvelous Mrs. Maisel" and CBS’ "Madam Secretary" all received more than $20 million each in subsidies in 2020, according to state records. The 19th season of Law and Order SVU received $16 million.