Governor vetoes film tax credit for 14 Upstate counties
Sat, 16 Nov 2013 16:06:28 GMT —
Gov. Andrew Cuomo has vetoed legislation that would have extended New York's supplemental film tax credit to 14 counties in the Hudson Valley and greater Albany area.
Cuomo said the tax credit should be discussed in upcoming budget negotiations.
The state budget authorizes an additional credit for 10 percent of labor costs for making feature films and television shows in 40 upstate counties.
That's in addition to the usual 30-percent credit in the program offering $420 million in annual tax breaks through 2019.
Cuomo says regions in proximity to New York City already have established and robust film production.
He says the additional credits are meant to attract filmmakers to other parts of upstate New York.