‘Live From New York’: Saturday Night Live Lands Big Tax Breaks For Filming

July 19, 2018. This articles discusses the significant tax breaks that the long-running show, Saturday Night Live, receives from New York State. New York offers the largest film tax credit program in the nation at $420 million a year. Many state officials feel that the program is very successful because it has led to an influx of shows and movies filming not only in New York City but also across the state, and that without the credit, productions would move to other states. However, critics of the program said the tax breaks for Saturday Night Live highlight what is wrong with the incentives: New York had already lured many shows and films without the breaks.

“I think the laugh is on us,” said Ron Deutsch, president of the Fiscal Policy Institute, a liberal think tank in Albany.

“Saturday Night Live is entering its 43rd season, and the likelihood of Saturday Night Live leaving for another state is probably minimal at best.”

Here is the link to WGRZ.

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