New York Part 50 Theatrical Financing is a form of financing provided by the State of New York that offers financial incentives to productions that are filmed in New York. It is designed to encourage and stimulate the growth of the film industry in the state by providing tax credits, rebates, and other incentives to productions that are filmed in New York. There are three types of New York Part 50 Theatrical Financing: Production Credit, which provides a refundable tax credit of up to 30% of qualified production costs; Post-Production Credit, which provides a refundable tax credit of up to 20% of qualified post-production costs; and Transferable Tax Credit, which allows productions to transfer their credits to other taxpayers. This type of financing is attractive to productions because it helps offset production costs, encourages production of film in New York, and helps create jobs in the local film industry.