Tuesday, March 9, 2010

Tax Credits - Santa Clarita, California

http://www.filmsantaclarita.com/Index.aspx?page=45
On April 28, 2009, The City of Santa Clarita City Council unanimously approved a Film Incentive Program (FIP) as part of an Economic Development 21-Point Business Plan for Progress. The FIP is aimed at retaining and increasing feature and television production in the City of Santa Clarita (City) and the Santa Clarita Valley (SCV) by subsidizing permit fees, and directs staff to explore opportunities to reduce costs of safety personnel, including fire and sheriff.
The FIP will be offered during Fiscal Year 09-10 (July-June) and consists of three components. Incentive One virtually eliminates all permit fees, including road and property use, for feature and television productions who base in Santa Clarita, film a majority of their scenes here and hire local crew, while Incentive Two eliminates basic permit fees for feature, television, commercial, and music video production companies who film more than six times a year in Santa Clarita. Incentive Three provides a partial refund of the Transit Occupancy Tax (TOT) paid to City hotels.
The FIP subsidies will be capped at $150,000 (for all incentives combined). Applications will be accepted and subsidies will be allocated on a first come first served basis. Productions currently based in the City of Santa Clarita will be given first priority.
Hotel Occupancy Tax Relief Available: Yes
Sales Tax Relief for Productions Available: No

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

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