Results tagged “taxcredit”

With productions fleeing the city after the state's tax credit program ran out of money, a popular prop house's parent company is trying to weather the storm. Props for Today, which has been around for 28 years, hooks up shows like Saturday Night Live and 30 Rock with furnishings, and Crain's reports that owner Dyann Klein will attempt to "reorganize" after a rough year. Klein said, “The decrease of film making and television in New York, which began with the writers' strike and has continued and been escalated by the loss of the tax incentives, has impacted everybody in this industry."

As the tax credit funds dry up, and productions begin to flee New York City, those in the entertainment industry gathered at Kaufman Astoria Studios in Queens last night to hold a news conference and ask politicians to expand the program. The NY Times reminds us that it "offers studios tax credits from the city and state for up to 35 percent of the production costs," but as previously reported, the $690 million meant to last another four years is already gone.

Though the show takes place here, Ugly Betty isn't actually filmed in New York; the first two seasons were filmed in Los Angeles. However, with Gov. Paterson's new tax credit program, the show may uproot and make a move east.