Tax Credits - Kentucky

http://www.kyfilmoffice.com/incentives.htm
• The refundable sales tax incentive now in place will remain.
• Qualified productions have the option of taking advantage of either the sales tax refund incentive or a newly created incentive. The new incentive is a refundable income tax credit of up to 20% of approved expenditures.
• The incentive is available to companies that spend at least $500,000 to produce feature films or television shows in Kentucky.
• Commercials are eligible with required expenditures of $200,000.
• Documentaries and Broadway productions are eligible with an expenditure minimum of $50,000.
• Applications will be reviewed and approved by the Kentucky Film Office, Secretary of the Tourism, Arts and Heritage Cabinet, the Finance and Administration Cabinet and the Kentucky Tourism Development Finance Authority.

Qualified expenditures include, but are not limited to, the following items.

• The production script and synopsis.
• Set construction and operations.
• Wardrobe, accessories, and related services.
• Lease or rental of real property in Kentucky as a set location.
• Photography, sound synchronization, lighting, and related services.
• Editing and related services.
• Rental of facilities and equipment.
• Vehicle leases.
• Food.
• Accommodations.

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