Spitzer's exit threatens his tax-credit plan

March 13, 2008 Now it will be up to Lt. Gov. David Paterson -- who takes over the governor's job Monday -- to step in and bridge the divide in the state Legislature over Spitzer's aggressive expansion of film and TV production tax credits. By the end of Wednesday, both the Republican-led state Senate and Democratic-led Assembly had unveiled proposed budgets with their partisan versions of the legislation Spitzer spearheaded. The outgoing governor proposed an extension of the current 10% state tax credit on below-the-line production costs, upping it to 15% of all production costs (including above-the-line costs for actors, producers and directors).

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