Film Tax Credits: Your Next Big Role?

February 13, 2017

Recent legislation has increased New York’s refundable film production tax credit from 30% to 40%, making the Hudson Valley an even more ideal spot for filmmakers and television studios to produce their next hit. 

You can profit from this expected pilgrimage by renting your office as a backdrop for filming. In some instances, daily location rental fees can equal a mortgage payment, with the length of the rental determining whether or not federal taxes need to be paid.

>Get Listed. Contact location scouts to get your property
listed in a reputable guide.
One helpful resource:
hudsonvalleyfilmcommission.org.

>Ask Questions. Once your space is an option, ask for details. What’s the nature of the project and its timeline? Also, make sure they have insurance and are registered.

>Establish Fees. You can choose either an all-inclusive or itemized payment structure to get the greatest financial benefit from your involvement.