Tax Credits - Missouri

http://www.missouribusiness.net/film/incentives.asp
Purpose
State Tax Credits are issued to a qualified film production company for up to 35 percent of the amount expended in Missouri (or up to 30 percent for qualifying out-of-state cast and crew when Missouri income taxes are withheld) for production or production-related activities to facilitate film production in Missouri.

Eligible applicants
Any film production company with an expected instate expenditure budget of at least $100,000 for films more than 30 minutes in length and at least $50,000 for films less than 30 minutes in length.

Eligibility criteria
A film production company claiming the credit must first apply to the Department of Economic Development. A particular film will be eligible to receive the tax credit based on the amount of funds still withstanding for that particular year. Prior to the approval, the department will also look at the economic impact in determining whether the particular project would be a good fit for the tax credit.

Program benefits/eligible uses
This tax credit can be applied to:

Ch. 143 – Income tax, excluding withholding tax
Ch. 148 –
Bank Tax
Insurance Premium Tax
Other Financial Institution Tax
This credit's special attributes:

Carry forward five years
Sellable or transferable
Only those Missouri expenditures necessary for the production of the film are eligible. Such expenditures may include, but are not limited to, the costs of labor (Missouri residents only), services, materials, equipment rental, lodging, food, location fees and property rental.

Funding limits
The entire film production tax credit program is capped at $4.5 million.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!