Counties await Cuomo action on film tax credits
Officials of the Hudson Valley Film Commission are keeping their fingers crossed that Gov. Andrew Cuomo will sign legislation giving MidHudson counties the same 40 percent film tax credit that’s afforded to counties north and west of Albany.
Ulster, Dutchess, Orange, Sullivan and Greene counties currently may offer tax credits of 30 percent to filmmakers. The bill, if Cuomo signs it within 10 days, will add another 10 percentage points of tax credit to offset the costs of production.
Hudson Valley Film Commission Director Laurent Rejto said the five boroughs of New York City and Rockland and Westchester counties benefit by being in the “film zone” within 30 miles of Manhattan.
“I will give you a perfect example,” he said. “There was a recent film starring two very big Hollywood actors and the film is supposed to take place at Bard and Vassar [colleges in Dutchess County]. They ended up shooting the film at Sarah Lawrence [College in Westchester County] because they were able to save that 8 to 12 percent.”
Rejto credited Ulster County Executive Michael Hein with “keeping his eye on this legislation and for being the driving force to get the film tax credits into law.” Rejto said Hein has “not only represented Ulster County, but the entire region, in an effort to increase jobs and economic development by fighting on our behalf.”
State Assemblywoman Aileen Gunther, D-Forestburgh, sponsored the bill in the Assembly, and state Sen. George Amedore, RRotterdam, carried the bill in the Senate.