Jump to content


Photo

NY Tax Credit Incentives


  • Please log in to reply
1 reply to this topic

#1 Andrew McCarrick

Andrew McCarrick
  • Basic Members
  • PipPipPip
  • 196 posts
  • Other
  • Atlantic City, New Jersey, USA

Posted 29 May 2008 - 12:37 AM

I was looking over the New York City Film Office's Incentives page and they mentioned the 35% tax credit. Does anyone know how my company, not based in New York, would benefit from these tax credits? Could I sell them to a NY-based company?

It says it's a Refundable Tax credit... according to Entertainment Partners website, that means:

Refundable Tax Credits

These credits are refunds provided by the Tax Authorities once the Production Company has filed an income tax return. The refundable credit consists of excess production credits remaining after all income taxes are paid, and are received regardless of owing any income tax liability.


Does that mean I would have to file a income tax return in NY, even though my company is not based in New York?
  • 0

#2 timHealy

timHealy
  • Basic Members
  • PipPipPipPip
  • 1252 posts
  • Other
  • New York

Posted 29 May 2008 - 10:38 PM

You probably should address a question like this to your accountant. But I work out of my home state a lot and have to file non resident returns for each state along with my home state and federal returns. Is their a non resident version for businesses?

Best

Tim
  • 0


Tai Audio

CineLab

Gamma Ray Digital Inc

rebotnix Technologies

Glidecam

FJS International, LLC

Aerial Filmworks

Technodolly

Willys Widgets

The Slider

Abel Cine

Broadcast Solutions Inc

CineTape

Opal

Ritter Battery

Media Blackout - Custom Cables and AKS

Visual Products

Paralinx LLC

Metropolis Post

Wooden Camera

Rig Wheels Passport

CineTape

Tai Audio

Visual Products

Broadcast Solutions Inc

Gamma Ray Digital Inc

Rig Wheels Passport

FJS International, LLC

Metropolis Post

Glidecam

Media Blackout - Custom Cables and AKS

The Slider

Paralinx LLC

Technodolly

CineLab

Ritter Battery

Wooden Camera

rebotnix Technologies

Aerial Filmworks

Willys Widgets

Opal

Abel Cine