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Adams-Sarthou │718-728-0960│215-901-6182│email@example.com SENATOR MICHAEL GIANARIS APPLAUDS GOVERNOR CUOMO’S PROPOSED EXTENSION OF STATE FILM TAX CREDIT Queens, NY – A champion of the New York State Film Production Credit, Senator Michael Gianaris praised Governor Cuomo for including a 5-year extension to the film tax credit in his proposed 2013-2014 budget. Senator Gianaris was instrumental in establishing the film tax credit in 2004, which is currently set to expire at the end of 2014. With the passage of the Governor’s proposed extension, however, an enhanced version of the tax credit at $420 million per year would be implemented in 2015 and fully funded through 2020. ―New York’s film tax credit has made our film industry an economic success story during an otherwise difficult economy,‖ Senator Gianaris said. ―As the home for some of New York’s largest film production studios, western Queens has earned its reputation as Hollywood East thanks to this incentive program. I applaud Governor Cuomo for his ongoing support of the film tax credit and look forward to seeing western Queens continue to benefit from this important jobcreating tool.‖ Senator Gianaris’s western Queens district is home to three major production companies: Silvercup Studios, Kaufman-Astoria Studios and Broadway Stages, as well as countless small businesses that service the film industry. In New York City alone, more than 100,000 New Yorkers are employed each year to work on an average of 200 films and more than 100 television shows. Local businesses also benefit from the additional customers working on the many nearby film projects. In 2011, the film industry generated $6.9 billion in economic activity across the state and brought 30,000 new jobs to New York City— a huge number for an industry that employs 130,000 people overall. ### http://www.scribd.com/SenatorMikeGianaris www.gianaris.nysenate.gov