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New York extends tax credits until 2011

New York's Mayor Bloombergyesterday [11] signed into law a bill that expands the city's 5% tax credit onbelow-the-line expenses for qualified film and television productions.The New York State 2007 executive budget allocates $30m in annual funding forthe tax credit scheme through 2011, complementing a $60m state allocation for a10% tax credit for the same period.The ...

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