THE INCENTIVES PROGRAM - TIP

On April 3, 2020, Governor Cuomo signed Assembly Bill 9505 and Senate Bill 7505 which amend the Empire State Television Writers’ and Directors’ Fees and Salaries credit as follows:
 

• Disallows any salaries or fees related to a non-credited writer from qualifying for the Empire State Film Production tax credit, previously qualified up to $75,000 per series of episodes.

The Act shall take effect immediately.

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Puerto Rico - Act 40 was passed on April 16, 2020 which amends the Economic Incentives Act for the Film Industry of Puerto Rico as follows:
 

• Establishes an annual funding cap of $38 million, previously there was no cap.

  The Act shall take effect immediately.

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On April 9, 2020, Governor Northam signed House Bill 1318 and Senate Bill 923 which amend the Virginia motion picture production tax credit program as follows:
 

• Extends the sunset date to December 31, 2026, previously December 31, 2021.

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House Bill 30 proposes to appropriate $4 million to the Governor's Motion Picture Opportunity Fund for each of the following fiscal years: 2021 and 2022 (7/1–6/30). This fund may be used at the discretion of the Governor to attract film industry production.

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