Empire State film post-production credit (Articles 9-A and 22)

The credit is amended and enhanced to:

Extend the credit through tax year 2036.

Allow taxpayers who submit applications on or after January 1, 2025, to claim the credit in the taxable year in which the qualified film is completed. Taxpayers are no longer required to claim the credit over a two or three year period for amounts that exceed $1 million.

Require a taxpayer whose certificate of tax credit is revoked to recapture the amount of the credit in the taxable year in which the revocation becomes final.

Modify eligibility criteria: Qualified post-production costs must be equal to or greater than the lesser of $1 million or 75% of the total post-production cost. The costs of visual effects and animation must be equal to or greater than the lesser of $500,000 or 10% of the total post-production cost for visual effects and animation.

This credit is administered by the New York State Governor's Office of Motion Picture & Television Development. For more information, visit Empire State film post-production credit .

[Part I of Chapter 59 of the Laws of 2025; Tax Law §§ 31, 210-B.32 and 606(qq)]