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Support tax credits for game development in New York!

Posted By Jess Haskins, Saturday, October 8, 2016

The Digital Gaming Media Production Credit bill (A.10083/S.7485) provides tax credits for both game development and music production (Empire State Music Production Credit ) in New York State.
 
Read the full text of the bill, including sponsor memo, here.
 
In July, we joined State Senator Martin Golden and State Assemblyman Joseph Lentol, the NYU Game Center, and numerous representatives from New York's game development and music industries on the steps of City Hall in support of the Empire State Digital Gaming Media Production Credit bill (A.10083/S.7485). In September, we joined Senator Golden, Assemblyman Lentol, and a panel of New York's top game developers, academics, and industry leaders to discuss the bill and the future of New York's game development industry at a roundtable on Digital Games and Public Policy at the NYU Game Center.
 
The bill, which provides tax credits for both game development and music production in New York State, recently passed both houses with nearly unanimous support and needs only Governor Cuomo's signature to become law.
 
The need for a functioning incentive program can be seen in that New York currently only generates a tiny fraction, estimated at less than four percent, of the $17 billion U.S., and less than two percent of the $55 billion global, music production industry.  Unfortunately, in digital gaming New York currently fares even worse, with only one percent of the U.S. $25 billion industry, and an insignificant blip of the $70 billion worldwide gaming industry.
 
What is truly disconcerting about these numbers is that New York is undoubtedly the home of the most creative individuals in the music industry, and graduates the finest game developers anywhere. We need robust and accessible programs to encourage these creative geniuses to work and perform in the state, for industries that have a potential for exponential growth both in down- and upstate.
 
Similar to incentives already in place for the film and television industries, the proposed credit would offset 25% of expenses for digital game production incurred in the state, including property used and wages or salaries paid to developers.
 
What would this tax credit mean for you or your company? How would it enable you to expand or bring new jobs or business to New York?
 
To share your perspective, drop us a note at nyc@igda.org. Let us know if it's ok to quote your comments or if you would be willing to lend your support publicly through letters or media appearances.

 

Voice your support

Your voice is needed! In order to encourage the governor to sign, it's important to demonstrate that the New York game industry is behind this bill. Add your voice to the community of New York State game developers and urge Governor Cuomo to sign bill A.10083/S.7485 {Lentol}/{Golden} to encourage game production and job growth in New York.
 
Send your letters by mail to:
 
Alphonso David
Counselor to the Governor
Executive Chamber
New York State Capitol
Albany, New York 12224
 
And/or by email to:
 
legislative.secretary@exec.ny.gov
 

You can view a sample letter by the NYU Game Center here: Join us in Supporting a Tax Credit to Develop Games in New York State.


Please also show your support by adding your name to the petition below on Change.org!

 

Sign petition: Governor Cuomo: Sign the Empire State Digital Gaming Media Production Credit Bill

 

 

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