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Additional $350 million could be added to New York's popular tax credit program

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New York state lawmakers are scheduled to vote on a budget bill byWednesday that would help replenish the state’s film/TV production tax incentive program with $350 million, reports The Hollywood Reporter. Under abudget agreement reached in Albany over the weekend, the program, which already ran out of its original  $685 million piggy bank and had no renewal in sight, could be reinstated, thereby making the industry reps who have been strongly pushing for it, happy— at least for now. “We certainly don’t want to wait until next year’s budget to talkabout this,” said John Johnston, executive director of the New York Production Alliance. “This is a short-term fix, not along-term solution.”

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