Sweeter New York Production Incentives, Including Pot For Indie Film, Get Industry Push

deadline.com:

New York Governor Kathy Hochul’s sweetened production incentives in her latest budget proposal, including a pool for indie film, are getting a push by local film commissions, lawmakers and a coalition of the arts, entertainment and creative community working with small businesses.

The proposals, which would be part of the state’s budget for fiscal 2026 that starts April 1, extend and amend existing incentives to strengthen the film and television industry in New York and remain competitive with other states as productions increasingly seek the best deals across the U.S.

and overseas. The new elements include: Establishing the Production Plus Program to provide additional tax credits for larger productions with at least $100 million in qualified production investments or above $20 million for small budget independent projects.

Creating a new $100 million pool specifically for independent films. Extending the program for an additional two years through 2036, providing more long-term security for productions.