Tax Credits - Indiana

http://www.in.gov/film/
Effective July 1, 2008, the Media Production Expenditure Tax Credit (MPETC) was established by IC 6-3.1-32 to further grow the Indiana production industry by providing individuals and companies a refundable tax credit of up to 15% of qualified investment in a qualified media production project. The MPETC is refundable; therefore, if the amount of the MPETC exceeds the taxpayer's state income tax liability for that taxable year, the taxpayer is entitled to a refund of the excess of the credit amount over their state income tax liability.

Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!