Tuesday, April 6, 2010

Tax Credits - Maryland

http://www.marylandfilm.org/incentives.html
FILM PRODUCTION REBATE FUND

This program allows a qualified production company to claim a rebate in an amount up to 25% of the total direct costs incurred in the State while filming on-location for qualifying film and television productions. Employees earning $1 million or more are excluded. Rebates are funded by an annual appropriation. The rebate is distributed in the form of a grant.

To qualify, the production must incur at least $500,000 in total direct costs in the State and at least 50% of the production’s filming must occur in Maryland . In addition, the production must have nationwide distribution. Applications are made to the Department of Business and Economic Development. Grant recipients will be selected by the Secretary of the Department based upon merit and economic benefit to the State.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!

No comments:

Post a Comment