The Mayor’s office of Film and Television has announced that as of Tuesday, June 30, 2009, New York City’s “Made in NY” tax credit for qualified film and television production – the only one of its kind administered by a city in the US – has reached its full allocation of $192.5 million and funds are no longer available for new applications.

The City proposed an extension of the program in May and is awaiting passage of its legislation in Albany that will allow the credit program to continue in a fiscally responsible manner. Pending legislative action, applications can still be sent in to the City. However, at this time, it is unclear whether new legislation will cover applications received during the interim.

This news pertains only to New York City’s “Made in NY” tax credit. There is still a 30% New York State Film Production Credit administered by the New York State Governor’s Office for Motion Picture and Television Development