THE INCENTIVES PROGRAM - TIP

A first look at our newsletter.

September 15, 2022
Cast & Crew Financial Services (CCFS) offers both U.S. and Canadian production incentive management services from setup to audit, as well as production incentive financing.

PROPOSED LEGISLATION

Still in the House or Senate

New York

Assembly Bill 10694 proposes to create the electronic sporting event (Esports) credit program as follows:  
  • Creates a refundable tax credit equal to 25 percent of the Esports event's qualifying payroll and nonpayroll expenditures;
  • Establishes a per event incentive cap of $25 million for any one Esports event;
  • Qualifies the 1st million of wages paid to each resident and nonresident;
  •  Requirements:
    • Spend a minimum $250k in qualifying expenses;
    • Incur and pay at least 75 percent of total production costs within New York;
    • Pay one-half of one percent of the credit as an administrative fee; and,
  • Establishes a sunset date of December 31, 2028.
  If enacted, this act shall apply to taxable years beginning on or after January 1, 2023.

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Production Incentives

Joe Bessacini

Vice President, Film & TV Production Incentives 661.492.3530 joe.bessacini@castandcrew.com

Incentive Financing

Deirdre Owens

Vice President, Production Incentive Financing 818.972.3201 deirdre.owens@castandcrew.com

Cast & Crew | www.castandcrew.com

ALBUQUERQUEATLANTABATON ROUGEBURBANKLONDONNEW YORKTORONTOVANCOUVER

Production Incentives

Joe Bessacini

Vice President, Film & TV Production Incentives 661.492.3530 joe.bessacini@castandcrew.com

Incentive Financing

Deirdre Owens

Vice President, Production Incentive Financing 818.972.3201 deirdre.owens@castandcrew.com

ALBUQUERQUEATLANTABATON ROUGEBURBANKLONDONNEW YORKTORONTOVANCOUVER

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