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First-of-Its-Kind TV Tax Credit Passes NY Legislature

Jun 22, 2017  •  Post A Comment

A tax incentive that’s being called the first of its kind has made it through the New York state Legislature. Deadline.com reports that the measure, whose aim is to boost women and minority writers and directors in television, needs the signature of Gov. Andrew Cuomo, along with appropriation in the state budget, to become law.

“The bill, which received the backing of the DGA and the WGA East, calls for a new tax credit of up to $5 million … in the state’s next budget to be allocated toward TV shows that employ writers and directors who are women and/or people of color,” Deadline reports.

The report quotes Lowell Peterson, executive director of WGA East, saying: “People in the TV industry have understood for years that enhancing the diversity of writing and directing improves the stories that appear onscreen. The missing link for policymakers has been putting money at the point of hire, and this legislation is an important step in that direction.”

2 Comments

  1. Cuomo needs to look around the state. There are numerous communities that need $5,000,000 much more than the television industry. This is pandering to the big Hollywood and NYC donors. There is no benefit at all to the State of New York. Is this what taxpayers elected him and their state representatives to do? What about security against terrorists?

  2. Illinois already has a diversity component (since 2006) for its tax incentive, although this sounds like it is specific to the above-the-line positions. The film industry does need this incentive if we are to ever help minorities to have equal opportunity in this large industry. “Guilty Cleric”, it’s not a gift of $5M, it’s paying for itself by having more production work in the city. Without these incentives the work goes to other states and hundreds of millions that would have come to the city are lost. Please educate yourself on how the tax incentives work before complaining.

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