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N.Y. may tax pics, pay TV, downloads


December 16, 2008 Faced with one of the bleakest financial pictures in memory, New York Gov. David Paterson on Tuesday released a $121 billion proposed budget that would hit the entertainment industry and consumers in the pocketbook. The budget would tax digital downloads such as iTunes movies, TV shows and music and would end sales-tax exemptions on movie tickets, cable TV, satellite TV and radio, and entertainment and sporting events. New York state offers tax credits for film, TV and commercial production, investment-tax credits and sales-tax exemptions for film production activities and expenses.

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