New York Film and Production Insurance

NEW YORK Tax Credits

As-Of: June 2026 | Tax Credit: 30-40% refundable

New York offers 30% refundable film tax credit on qualified production expenses, with 10% location bonus for certain upstate counties—reaching maximum 40%. Governor Hochul’s 2025-2026 budget increased annual allocation to $800 million for large-scale productions, plus additional $100 million dedicated to independent films. The state removed the above-the-line eligibility individual cap and multi-year payout tiers, improving accessibility for above-the-line talent and speeding returns. The program is refundable, meaning productions receive cash back regardless of in-state tax liability. New York maintains post-production incentives for in-state work. New York’s appeal combines generous incentives with essential location authenticity: the city’s architecture, streets, character, and symbolic weight provide unmatched location value. The state’s union infrastructure is world-class. For productions requiring authentic New York locations—thrillers, dramas, commercials, television—the combination of refundable credits and location authenticity makes New York highly competitive.

Reference Dates: All information current as of June 2026. Film tax incentive programs change regularly. Verify current program details and funding availability with each state film office before finalizing location decisions. Please do your own research.