Thursday, December 18, 2008
In an attempt to close the budget gap, the state of New York is considering taxing digital products such as downloads and putting an end to the perks that accompany entertainment industry purchases such as cable and satellite tv subscriptions and movie tickets. The state and New York City also offer tempting tax credits to entertainment industry productions that film there; it's not clear whether those will continue. Read more here in a Hollywood Reporter story. But the budget proposals, which include cuts for all kinds of services, including taxicab rides and pop as well as digital downloads, are drawing fire. Read more here in a CNN story.