Movie Producers Say Renew Tax Credit

A popular state tax credit for TV and film production has run out of funds. Actors, crew members and union reps are asking Governor Paterson to extend the credit, and make it permanent. Local movie producer John Penotti says that without the credit, jobs will leave New York.

PENOTTI: Today, people are deciding where else to go for productions that will shoot three, four months from now. It's not a theoretical problem, it's happening right now.

City Comptroller Bill Thompson says TV and movie shoots support tens of thousands of city jobs.