Sep 15
2025
A tax subsidy that’s not funny
There are a lot of ways to look at New York’s tax credit program intended to keep film and television producers working in the Empire State. The tax credits are projected to total $920 million this year. The subsidy works out to an average of $65,000 per job. The return on investment: about $1 in tax revenue for every $3 in subsidy. Put another way, during the first three months of this year, the producers of Saturday Night Live received more tax breaks than anyone, some $21 million, or $83,000 per job. (To not be very funny, I might add.)[...]
