• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Monday, June 5, 2023
Ector County News Online
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
No Result
View All Result
Home Technology Gaming

Film Industry, Digital Gaming Tax Credits On Tap In New York Budget – Buffalo News

by NewsReporter
April 7, 2022
in Gaming
film-industry,-digital-gaming-tax-credits-on-tap-in-new-york-budget-–-buffalo-news
Share on FacebookShare on Twitter

Expect to keep seeing “Filmed with the support of New York State Governor’s Office of Motion Picture and Television Development” in the end credits of each film receiving tax breaks from the state for filming here.

The state’s Film Production Tax Credit program, which provides credits of up to $420 million annually to encourage film projects in New York, is primed to be extended three years to 2029, according to a budget bill.

But the budget bill plots some changes: For example, effective Jan. 1, 2023, a film production company that applies for the credit will have to file a diversity plan with the state, outlining specific goals for hiring a diverse workforce.

That plan also must indicate whether the company intends to participate in training, education and recruitment programs designed to promote and encourage the hiring of New York residents who represent the state’s diversity.

Advocates say the tax credit has helped boost Western and Upstate New York as locations for major film productions. In and around Buffalo, for example, crews have filmed portions of movies such as “Marshall,” “The First Purge,” “A Quiet Place II” and “Nightmare Alley,” and two developers are interested in building film production spaces in the area.

The tax credit applies to production and post-production costs of filming, not including the salaries of actors and actresses. It is worth up to 25% of those costs, with productions upstate eligible for an extra 10% toward labor costs. The program’s annual cost was capped at $420 million through 2025.

The state budget also appears primed to establish an “Empire state digital gaming media production credit,” geared toward helping the state’s video game development industry.

The program would be allocated $5 million a year, according to a budget bill, and the credits would be allocated by the state in the order in which applications are received.

The Entertainment Software Association, a video game industry trade group, had advocated for the establishment of the tax break, pointing to New York’s 141 video game companies, 29 college programs and eight varsity esports teams.

The digital gaming program would run from Jan. 1, 2023 to Jan. 1, 2028.

The smart way to start your day. We sift through all the news to give you a concise, informative look at the top headlines and must-read stories every weekday.

Related Posts

Russia-Ukraine War News: Live Updates On Moskva Warship – The New York Times

by NewsReporter
April 14, 2022
0

Please enable JS and disable any ad blocker

william-&-mary,-vcu-partnership-using-technology-to-treat-parkinson’s-symptom-enters-next-phase-–-news-3-wtkr-norfolk

William & Mary, VCU Partnership Using Technology To Treat Parkinson’s Symptom Enters Next Phase – News 3 WTKR Norfolk

by NewsReporter
April 14, 2022
0

WILLIAMSBURG, Va. - It's a devastating disease more than a million Americans are battling and there's no cure, but local scientists say they're working on a way to make life with Parkinson's more bearable.For the last year and a half, researchers at William & Mary have been partnering with a...

report:-high-taxes,-low-profits-tavern-gaming-licenses-a-bust-for-pa.-|-thursday-morning-coffee-–-pennsylvania-capital-star

Report: High Taxes, Low Profits. Tavern Gaming Licenses A Bust For Pa. | Thursday Morning Coffee – Pennsylvania Capital-Star

by NewsReporter
April 14, 2022
0

Good Thursday Morning, Fellow Seekers. When it was pushed under the former Corbett administration in 2011, Pennsylvania’s tavern gaming law was pitched as a sure-fire way to allow Keystone State saloon-keepers to compete with the small games of chance that are a fixture at Elk and VFW halls across the commonwealth. Nearly a decade on,...

AP Top Technology News At 6:09 Pm EDT – The Philadelphia Inquirer

by NewsReporter
April 13, 2022
0

Lots of broadband money, but US expansion finds speed bumpsGlobal operation takes down hackers' leaked data marketElon Musk accused of breaking law while buying Twitter stockUkraine says potent Russian hack against power grid thwartedProject Veritas says US seized staffer info as part of probeUS agencies: Industrial control system malware discoveredEXPLAINER:...

Ector County News Online

© 2021 Ector County News Now

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 Ector County News Now

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT