New York State film, TV budget delayed

4:13 AM PST 07/29/2010 by Georg Szalai, AP

Includes a five-year tax-credit program worth $420 mil annually

NEW YORK -- Industry folks here must continue to wait for a long-term film and TV production incentives program after a special New York State legislative session Wednesday night yielded no results.

State lawmakers quickly ended it without any action after the governor had called them back from their summer vacation to adopt a budget that was supposed to be passed by April 1.

Reports throughout the day suggested that some lawmakers weren't even traveling to Albany, which had made a final budget adoption unlikely.

The New York State budget includes a five-year film and TV production tax-credit program worth $420 million annually.

The budget is already 17 weeks late.
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