http://mnfilmtv.org/incentives
Snowbate, Minnesota's Film Jobs Production Program, is back and better than ever. Snowbate is a reimbursement of 15% to 20% of Minnesota production expenditures. The incentive is available to feature films, national television or internet programs, commercials, music videos and documentaries.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Friday, April 9, 2010
Thursday, April 8, 2010
Tax Credits - Michigan
http://www.michigan.gov/filmoffice/0,1607,7-248-46457---,00.html
The film incentive, officially called the film production credit, is a refundable, assignable tax credit of up to
42% of the amount of a production company’s expenditures (depending upon type) that are incurred in producing
a film or other media entertainment project in Michigan.
Qualifying expenditures made in a designated Core Community in Michigan are eligible for a 42% credit.
Qualifying expenditures made in a “non-core” community in Michigan are eligible for a 40% credit. The
Michigan Film Office has the list of qualifying Core Communities on their website, along with a Michigan map
showing their locations.
Who qualifies for 30%?
Compensation payments made by a production company to below the line personnel who were not residents of
Michigan for at least 60 days before approval of the agreement between the production company and the
Michigan Film Office will be “qualified personnel expenditures” eligible for a 30% credit.
Who qualifies for 40%?
Compensation payments to above the line personnel regardless of residency, as well as compensation payments
made to below the line personnel who were residents of Michigan for 60 days or more before approval of the
agreement between the production company and the Film Office, will be direct production expenditures eligible
for a 40% – 42% credit.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
The film incentive, officially called the film production credit, is a refundable, assignable tax credit of up to
42% of the amount of a production company’s expenditures (depending upon type) that are incurred in producing
a film or other media entertainment project in Michigan.
Qualifying expenditures made in a designated Core Community in Michigan are eligible for a 42% credit.
Qualifying expenditures made in a “non-core” community in Michigan are eligible for a 40% credit. The
Michigan Film Office has the list of qualifying Core Communities on their website, along with a Michigan map
showing their locations.
Who qualifies for 30%?
Compensation payments made by a production company to below the line personnel who were not residents of
Michigan for at least 60 days before approval of the agreement between the production company and the
Michigan Film Office will be “qualified personnel expenditures” eligible for a 30% credit.
Who qualifies for 40%?
Compensation payments to above the line personnel regardless of residency, as well as compensation payments
made to below the line personnel who were residents of Michigan for 60 days or more before approval of the
agreement between the production company and the Film Office, will be direct production expenditures eligible
for a 40% – 42% credit.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Wednesday, April 7, 2010
Tax Credits - Massachussetts
http://www.mafilm.org/tax-credits/
3 Types of Tax Credits:
1. Sales & Use Tax Exemption
2. Transferable 25% Payroll Credit
3. Transferable 25% Production Expense Credit
Minimum spend of $50,000.
Massachusetts is also the only state in the country that allows filmmakers to take their credits either as a direct rebate at 90% of the face value (guaranteed), or to sell them at market rate—whichever is more favorable.
Remember to exclude the tax credit from your from film budget.
Check QuickFilmBudget.com for a sample film budget!
3 Types of Tax Credits:
1. Sales & Use Tax Exemption
2. Transferable 25% Payroll Credit
3. Transferable 25% Production Expense Credit
Minimum spend of $50,000.
Massachusetts is also the only state in the country that allows filmmakers to take their credits either as a direct rebate at 90% of the face value (guaranteed), or to sell them at market rate—whichever is more favorable.
Remember to exclude the tax credit from your from film budget.
Check QuickFilmBudget.com for a sample film budget!
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!
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!
Monday, April 5, 2010
Tax Credits - Maine
http://www.filminmaine.com/incentives/default.aspx
Maine Attraction Certified Media Wage Reimbursement and Income Tax Credit FAQs
What is included in the program?
The Maine Attraction Film Incentive program, approved in 2006, includes two
components.
1. A wage reimbursement program for certified media productions.
2. An income tax credit program for investment in certified media productions.
What does the Certified Media Wage Reimbursement offer to producers?
The program offers producers of a certified media production or productions a partial
reimbursement of eligible employee wages. Generally, companies are reimbursed 10% of the
amount paid as wages for non-Maine residents and 12% of the amount paid as wages for
Maine residents. For more information on how to apply for reimbursement of eligible wages,
see the Maine Revenue Services web site at www.maine.gov/revenue/forms/credits/2006.htm
What does the Certified Media Income Tax Credit offer?
A certified media production company may qualify for a non-refundable credit equal to
the Maine income tax otherwise due on taxable income related to the certified media
production. For more information on this program, contact the Maine Film Office. Also,
for a copy of the Certified Media Production Credit Worksheet, visit the Maine Revenue
Services web site at www.maine.gov/revenue/forms/credits/2006.htm.
What is a Certified Media Production?
Under this law, an eligible media production is a single-medium or multimedia feature
film, television show or series, video, commercial, photographic project, interactive
computer or video game or other program intended for a national audience and fixed on
film, video tape, computer disk, laser disc or other delivery medium that can be viewed or
reproduced and that is exhibited in theaters or by individual television stations or groups
of stations, television networks or cable television stations or via other means or licensed
for home viewing or use.
Which media productions are not eligible for the Certified Media Production tax
incentives?
(1) A news, current events or public programming show or a program that includes
weather or market reports;
(2) A talk show;
(3) A sports event or activity;
(4) A gala presentation or awards show;
(5) A finished production that solicits funds; or
(6) A production produced by a media production company if records, as required by
18 United States Code, Section 2257, are to be maintained by that media
production company with respect to any performer portrayed in that production.
Does my project have to spend a certain amount in Maine to be eligible?
Yes. A project must spend $250,000 or more on production related expenses in Maine.
But it doesn't have to be on a single project. For example, a production company that
creates two certified projects, each spending $125,000, would be eligible as long as those
projects were produced during a 12-month consecutive period.
What expenses count towards the $250,000 expenditure requirement?
Specific expenses directly incurred during the creation of a media production qualify
towards the requirement. This term includes wages, salaries, commissions and any other
form of remuneration for personal services of individuals employed in the production on
which taxes have been paid or accrued; the cost of construction, operations, editing and
related services, still and motion photography, sound recording and synchronization,
lighting, wardrobe and accessories; and the rental of facilities and equipment, including
location fees.
What expenses do not count towards the $250,000 expenditure requirement?
Expenses incurred in marketing and advertising a media production or in printing or
otherwise disseminating a media production do not qualify.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Maine Attraction Certified Media Wage Reimbursement and Income Tax Credit FAQs
What is included in the program?
The Maine Attraction Film Incentive program, approved in 2006, includes two
components.
1. A wage reimbursement program for certified media productions.
2. An income tax credit program for investment in certified media productions.
What does the Certified Media Wage Reimbursement offer to producers?
The program offers producers of a certified media production or productions a partial
reimbursement of eligible employee wages. Generally, companies are reimbursed 10% of the
amount paid as wages for non-Maine residents and 12% of the amount paid as wages for
Maine residents. For more information on how to apply for reimbursement of eligible wages,
see the Maine Revenue Services web site at www.maine.gov/revenue/forms/credits/2006.htm
What does the Certified Media Income Tax Credit offer?
A certified media production company may qualify for a non-refundable credit equal to
the Maine income tax otherwise due on taxable income related to the certified media
production. For more information on this program, contact the Maine Film Office. Also,
for a copy of the Certified Media Production Credit Worksheet, visit the Maine Revenue
Services web site at www.maine.gov/revenue/forms/credits/2006.htm.
What is a Certified Media Production?
Under this law, an eligible media production is a single-medium or multimedia feature
film, television show or series, video, commercial, photographic project, interactive
computer or video game or other program intended for a national audience and fixed on
film, video tape, computer disk, laser disc or other delivery medium that can be viewed or
reproduced and that is exhibited in theaters or by individual television stations or groups
of stations, television networks or cable television stations or via other means or licensed
for home viewing or use.
Which media productions are not eligible for the Certified Media Production tax
incentives?
(1) A news, current events or public programming show or a program that includes
weather or market reports;
(2) A talk show;
(3) A sports event or activity;
(4) A gala presentation or awards show;
(5) A finished production that solicits funds; or
(6) A production produced by a media production company if records, as required by
18 United States Code, Section 2257, are to be maintained by that media
production company with respect to any performer portrayed in that production.
Does my project have to spend a certain amount in Maine to be eligible?
Yes. A project must spend $250,000 or more on production related expenses in Maine.
But it doesn't have to be on a single project. For example, a production company that
creates two certified projects, each spending $125,000, would be eligible as long as those
projects were produced during a 12-month consecutive period.
What expenses count towards the $250,000 expenditure requirement?
Specific expenses directly incurred during the creation of a media production qualify
towards the requirement. This term includes wages, salaries, commissions and any other
form of remuneration for personal services of individuals employed in the production on
which taxes have been paid or accrued; the cost of construction, operations, editing and
related services, still and motion photography, sound recording and synchronization,
lighting, wardrobe and accessories; and the rental of facilities and equipment, including
location fees.
What expenses do not count towards the $250,000 expenditure requirement?
Expenses incurred in marketing and advertising a media production or in printing or
otherwise disseminating a media production do not qualify.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Friday, April 2, 2010
Tax Credits - Shreveport, LA
http://www.shreveport-bossierfilm.com/tax_credit.html
2.5% sales tax rebate - based on expenditures within Shreveport's city limits (application process and rules apply)
Basic Cap - $150,000.00 total to any individual project or production for new productions by a production company which has not previously received any City of Shreveport incentives.
Subsequent Productions- $165,000.00 for a production company which brings a subsequent production to the City of Shreveport within twelve months of completion of the prior project.
The funding cap shall be increased by $10,000 for productions which utilize a Caddo Parish-based post production company.
1.5% sales tax rebate - based on expenditures within Caddo Parish (application process and rules apply)
Basic Cap - $20,000.00 total to any individual project or production for new productions by a production company which has not previously received any Caddo Parish or municipalities lying therein within the last twelve months.
Subsequent Productions- $22,000.00 for a production company which brings a subsequent production to Caddo parish within twelve months of completion of the prior project.
The funding cap shall be increased by $1200.00 for productions which utilize a post production company located within Caddo Parish or any of the municipalities lying therein.
Resolution passed for the Mayor to suspend certain provisions of city ordinances to grant temporary approval for uses of film production
Permitting: No charge for film and construction permit fees for set builds (Caddo-Bossier Parish)
Free Locations for most of our city and parish (Shreveport and Bossier) buildings
Free water for filming special effects - (City of Shreveport city limits) - exception wave tank
Easy and simple permitting – no permit fees
Assistance with DOTD permitting
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
2.5% sales tax rebate - based on expenditures within Shreveport's city limits (application process and rules apply)
Basic Cap - $150,000.00 total to any individual project or production for new productions by a production company which has not previously received any City of Shreveport incentives.
Subsequent Productions- $165,000.00 for a production company which brings a subsequent production to the City of Shreveport within twelve months of completion of the prior project.
The funding cap shall be increased by $10,000 for productions which utilize a Caddo Parish-based post production company.
1.5% sales tax rebate - based on expenditures within Caddo Parish (application process and rules apply)
Basic Cap - $20,000.00 total to any individual project or production for new productions by a production company which has not previously received any Caddo Parish or municipalities lying therein within the last twelve months.
Subsequent Productions- $22,000.00 for a production company which brings a subsequent production to Caddo parish within twelve months of completion of the prior project.
The funding cap shall be increased by $1200.00 for productions which utilize a post production company located within Caddo Parish or any of the municipalities lying therein.
Resolution passed for the Mayor to suspend certain provisions of city ordinances to grant temporary approval for uses of film production
Permitting: No charge for film and construction permit fees for set builds (Caddo-Bossier Parish)
Free Locations for most of our city and parish (Shreveport and Bossier) buildings
Free water for filming special effects - (City of Shreveport city limits) - exception wave tank
Easy and simple permitting – no permit fees
Assistance with DOTD permitting
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Thursday, April 1, 2010
Tax Credits - Jefferson Parish, LA
http://www.filmjeffersonla.com/incentives.html
3% Local Cash Rebate
3% of qualified local spend, including payroll for residents & lodging
Project Criteria
Minimum local spend: $150,000
Must have either production office or soundstage / alternative filming facility in Jefferson Parish
Project Caps
$100,000 per-project cap for new productions
$115,000 per-project cap for subsequent productions within 12 months of completion of previously-incentivized project
$10,000 cap increase if both production office and sound stage are in Jefferson Parish
Location
Jefferson is adjacent to New Orleans and is part of the New Orleans Production Hub.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
3% Local Cash Rebate
3% of qualified local spend, including payroll for residents & lodging
Project Criteria
Minimum local spend: $150,000
Must have either production office or soundstage / alternative filming facility in Jefferson Parish
Project Caps
$100,000 per-project cap for new productions
$115,000 per-project cap for subsequent productions within 12 months of completion of previously-incentivized project
$10,000 cap increase if both production office and sound stage are in Jefferson Parish
Location
Jefferson is adjacent to New Orleans and is part of the New Orleans Production Hub.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
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