New York doles out $420 million a year to lure film and television productions to New York, more than most of its other economic development programs, Gannett’s Albany Bureau reported over the weekend.
New York has become a national leader in tax breaks for the film industry, and records obtained by Gannett through a Freedom of Information request showed that some of the tax breaks go to shows and movies tied to New York City. They included “Sex and the City 2,” HBO’s “Bored to Death” based in Brooklyn and “Saturday Night Live”.
State officials were knocked earlier this year for essentially carving out a new tax credit to lure the “The Tonight Show” back to New York.
But how much each show receives in taxpayer money has been kept secret by the state, claiming the information is propriety. That changed this year, when the state Legislature agreed to make new tax breaks public and extend the program for five years.
New York officials point to the program’s success: 400 projects have filmed or applied for the state’s tax credits since Cuomo took office in 2011. A decade ago, New York only had 14 productions. The state gives a 30 percent tax credit to productions for many expenses, up from 10 percent in 2004.
In May, the largest production in the state’s history, “Spiderman 2,” was filmed in Rochester.
Records showed that $472 million has been doled out to production companies since 2011, with HBO getting the most at $91 million since 2011.
We also have a database of the tax breaks by production company since 2011.
Here’s the shows that got the breaks since 2009.