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New York bulks up 5% city tax credit for film, TV

New York City's Mayor Bloomberghas signed into law a bill that expands the city's 5% tax credit on below-the-line expenses for qualified film and television productions.The New York State 2007 executive budget allocates $30m in annual funding for the tax credit scheme through 2011, complementing a $60m state allocation for a 10% tax credit spanning the same period.The law broadens ...

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