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Tribeca 2008 kicks off as NY state tax credit is tripled

The seventh Tribeca Film Festival kicked off in high spirits yesterday [April 23] as New York Governor David Paterson signed into law a tripling of the state's tax credit for film and TV productions and festival sponsors American Express extended their commitment for a further five years.The new tax legislation raises the tax credit for below-the-line costs on in-state productions from 10% to 30% and brings New York on a par with its local rival Connecticut. The City of New ...

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