New York’s film tax credit fuels production boom as L.A. slumps

Variety’s Ethan Shanfeld reports that New York’s 30% refundable tax credit, backed by an annual $800 million pot, has pushed production spending up 57% year-over-year to nearly $1.06 billion in the second quarter of 2026.

Why it matters. Producers now weigh New York’s enhanced incentives against Los Angeles and overseas hubs, pressuring California and the federal government to match the subsidy terms or keep losing shoots.

Signal from variety.com · Ethan Shanfeld · read the original.

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