NEW YORK PROVIDES GUIDANCE ON REMOTE WORK AND QUALIFIED EXPENSES
(kpmfilm.com)
New York State has recently provided guidance concerning remote work that was done outside of New York during the period of March 7, 2020 through June 25, 2021. The new legislation states that remote work that would have otherwise been performed in-state is considered to have been earned in New York. The Empire State Development office has further confirmed that this legislation applies to the film tax credit as well.
Therefore, remote work performed out of state is considered qualified for the tax credit for this time period. These labor costs can be counted as qualified expenses, and will count toward the 75% requirement.
Businesses and productions must certify that they maintained their business in New York during the period in which they claim.
By: Kpmfilm
Continue Reading at kpmfilm.com
