http://www.oklahomafilm.org/DesktopDefault.aspx?tabindex=2&tabid=6
The Oklahoma Film Enhancement Rebate offers up to 37% on Oklahoma expenditures to qualifying companies filming in the state capped at $5 million per year.
The rebate is extended to film, television and commercial productions.
The company must have a minimum budget of $50,000 and spend $25,000 in Oklahoma.
The company must provide proof of complete financing prior to commencement of principal photography. If the film is not bonded, no rebate money will be released until evidence is provided that all Oklahoma crew and vendors have been paid, along with evidence that there are no liens against any production company in the state of Oklahoma.
General liability insurance with minimum coverage of $1 million, and workers’ compensation policy pursuant to state law are required.
Rebate is payable beginning July 1 following the fiscal year in which documented expenditures were made.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Wednesday, April 28, 2010
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