This summary was prepared from cited sources. Check the official pages before using the information for a production decision. It is not an eligibility confirmation.
Stated headline rateSee rate details
Refundable credit
Minimum spendNot stated
See qualifying expenditure
Per-project capNot stated
See cap conditions
Annual program capUSD 7,000,000
Not remaining available funding
Rates & additional benefits
20% Downstate / 30% Upstate. Refund mechanism applies when the credit exceeds tax liability.
Production type & commercial eligibility
Commercials included. Dedicated commercial-production program — explicitly qualifies commercials.
Qualifying expenditure
Annual NY spend thresholds: above $500K Downstate or $100K Upstate. Qualified: NY services/property, crew, facilities, props, makeup, wardrobe, set construction, background talent. Excludes most writers, directors, producers, performers, and editing of previously produced content.
Labor & residency
Not stated in the cited sources. Confirm this requirement with the administering agency.
Application timing
Annual application cycle; retrieved cutoff for the relevant cycle: 5:30 p.m. April 1, 2027.
Caps & funding conditions
$7M annual pool: $4M Downstate, $3M Upstate.
Audit requirements
Not stated in the cited sources. Confirm this requirement with the administering agency.
Receiving the incentive
Not stated in the cited sources. Confirm this requirement with the administering agency.
Program dates
Effective date
Not stated
Program end date
Not stated
A program end date is not necessarily an application deadline.
Reference information for planning, not a qualification decision or a savings estimate. Missing figures mean “not stated,” not zero or unlimited. Confirm current terms with the administering agency and your tax adviser. Read our methodology.