NY proposes $420 mil for film, TV tax credits

8:09 PM PDT 10/13/2010 by Georg Szalai, AP

Production incentives boosting New York's tax revenue

NEW YORK -- New York film and TV industry executives on Tuesday lauded Gov. David Paterson's budget proposal that includes $420 million per year in state money for the continuation of a 30% tax credit for productions in the Empire State through 2014.