NY S03401

Amends the definition of "production costs" to include writers' and directors' fees and salaries that were previously excluded from the Empire State film production tax credit.

Caps eligible writers' and directors' fees or salary at $50,000 per person per qualified film for feature films and television productions.

Allows writers and directors who are New York State residents to qualify for the maximum amount of the credit without the $50,000 cap.

Limits total tax credits granted annually for writers' and directors' fees and salaries to $5 million, drawn from the overall production cost credits available.

Establishes definitions of "writer" (one employed to write or revise scripts, screenplays, dialogue, etc.) and "director" (individual employed to direct the production).