http://www.screen.nsw.gov.au/index.php?page_id=6
New South Whales offers a cash rebate type incentive. The government determines the degree of assistance on a case-
by-case basis, based on the local economic impact. This program has no cap on the potential compensation. The criteria for a project to be eligible is that it is a “Footloose” feature films, telemovies, animation, mini-series, TV series, and unaccompanied post production projects are eligible, with a minimum spend of A$5,000,000 in NSW for production, or A$3,000,000 in NSW for post-production costs.
To be eligible, the tax credit must be filed by an Australian resident company or non-resident with a PE and Australian Business
Number.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Tuesday, May 25, 2010
Thursday, May 20, 2010
Tax Credit - AUSTRALIA FEDERAL
http://www.afc.gov.au/filminginaustralia/taxfins/federal/fiapage_56.aspx
A new Australian Screen Production Incentive was introduced as part of the 2007-08 Federal Budget. It comprises:
a Producer Offset, providing a tax offset of 40 per cent of eligible Australian expenditure to producers of qualifying feature films, and a 20 per cent rate for qualifying television productions, including TV series, documentaries, mini-series. The offset will be delivered through the taxation system and will not be capped. A Producer Offset Fact Sheet is available here: www.ffc.gov.au/producer_offset/.
Location and PDV Offsets for international producers, which replace the previous incentive (the Refundable Film Tax Offset, or RFTO). The new Location Offset provides a 15.0 per cent offset for eligible expenditure. Eligibility for international producers will be extended beyond the criteria for the RFTO to include an alternative but mutually exclusive post, digital and visual effects (PDV) offset, where qualifying expenditure exceeds $5.0 million, whether or not the production is shot in Australia. www.arts.gov.au/arts_culture/film/location_offset.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
A new Australian Screen Production Incentive was introduced as part of the 2007-08 Federal Budget. It comprises:
a Producer Offset, providing a tax offset of 40 per cent of eligible Australian expenditure to producers of qualifying feature films, and a 20 per cent rate for qualifying television productions, including TV series, documentaries, mini-series. The offset will be delivered through the taxation system and will not be capped. A Producer Offset Fact Sheet is available here: www.ffc.gov.au/producer_offset/.
Location and PDV Offsets for international producers, which replace the previous incentive (the Refundable Film Tax Offset, or RFTO). The new Location Offset provides a 15.0 per cent offset for eligible expenditure. Eligibility for international producers will be extended beyond the criteria for the RFTO to include an alternative but mutually exclusive post, digital and visual effects (PDV) offset, where qualifying expenditure exceeds $5.0 million, whether or not the production is shot in Australia. www.arts.gov.au/arts_culture/film/location_offset.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Wednesday, May 19, 2010
Tax Credit - Wyoming
http://www.wyomingfilm.org/ViewPage.aspx?PageId=354736
The Film Industry Financial Incentive (FIFI) program is a cash rebate program for production companies of up to 15% on dollars spent in the State of Wyoming during a film shoot. The production company would have to spend a minimum amount of $200,000 to qualify and then meet additional criteria to determine the rebate percentage between 12%-15%.
Qualified expenditures generally include, but are not limited to:
-Wages, salaries, or other compensation for technical and production crews, directors, producers, performers and extras who are residents of this state.
-Expenditures on goods and services made in Wyoming for the following, providing that each company which provides goods or services is located and doing business in Wyoming:
preproduction, production, post-production, digital media effects services, sets, and set construction.
rental equipment, including, but not limited to, cameras and grip or electrical equipment.
meals, travel, accommodations, and goods used in producing filmed entertainment that is located and doing business in this state.
Rebate percentage between 12% and 15% based on the following criteria:
-Providing a storyline that is set in Wyoming (full 15% rebate)
-Providing additional Wyoming behind the scenes footage highlighting Wyoming locations used in the project (up to 14% rebate)
-Using Wyoming props and product placement (up to 13% rebate)
-Providing a clear statement in the credits that the product was filmed in Wyoming (minimum 12% rebate)
-Other promotional opportunities that provide Wyoming tourism value could be negotiated to determine rebate percentage.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
The Film Industry Financial Incentive (FIFI) program is a cash rebate program for production companies of up to 15% on dollars spent in the State of Wyoming during a film shoot. The production company would have to spend a minimum amount of $200,000 to qualify and then meet additional criteria to determine the rebate percentage between 12%-15%.
Qualified expenditures generally include, but are not limited to:
-Wages, salaries, or other compensation for technical and production crews, directors, producers, performers and extras who are residents of this state.
-Expenditures on goods and services made in Wyoming for the following, providing that each company which provides goods or services is located and doing business in Wyoming:
preproduction, production, post-production, digital media effects services, sets, and set construction.
rental equipment, including, but not limited to, cameras and grip or electrical equipment.
meals, travel, accommodations, and goods used in producing filmed entertainment that is located and doing business in this state.
Rebate percentage between 12% and 15% based on the following criteria:
-Providing a storyline that is set in Wyoming (full 15% rebate)
-Providing additional Wyoming behind the scenes footage highlighting Wyoming locations used in the project (up to 14% rebate)
-Using Wyoming props and product placement (up to 13% rebate)
-Providing a clear statement in the credits that the product was filmed in Wyoming (minimum 12% rebate)
-Other promotional opportunities that provide Wyoming tourism value could be negotiated to determine rebate percentage.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Tuesday, May 18, 2010
Tax Credit - Wisconsin
http://www.filmwisconsin.net/Incentives/Synopsis.asp
The Governor of Wisconsin signed into law a very limited, new refundable credit for the film, television and video game industries. The overall provisions are as follows:
-Fully refundable tax credit - capped at $500,000 per year in total expenditures
-25 percent credit on the salaries and wages paid to Wisconsin residents making $250,000 on the project or less. Salaries and wages to nonresidents are not included.
-25 percent credit on Wisconsin production expenditure purchased in Wisconsin
-15 percent credit on film production company investments
-35 percent of the project's total budget must be spent in Wisconsin to qualify.
-Existing film and video game-related companies that wish to expand the state are eligible for the tax incentives under the company investment credit.
-Establishes application fees
-Lowers the threshold for an accredited production from $100,000 to $50,000
-Extend the eligible timeline for video game projects from 12 to 36 months.
-The proposal eliminates the non-refundable sales tax exemption that existed in previous law.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
The Governor of Wisconsin signed into law a very limited, new refundable credit for the film, television and video game industries. The overall provisions are as follows:
-Fully refundable tax credit - capped at $500,000 per year in total expenditures
-25 percent credit on the salaries and wages paid to Wisconsin residents making $250,000 on the project or less. Salaries and wages to nonresidents are not included.
-25 percent credit on Wisconsin production expenditure purchased in Wisconsin
-15 percent credit on film production company investments
-35 percent of the project's total budget must be spent in Wisconsin to qualify.
-Existing film and video game-related companies that wish to expand the state are eligible for the tax incentives under the company investment credit.
-Establishes application fees
-Lowers the threshold for an accredited production from $100,000 to $50,000
-Extend the eligible timeline for video game projects from 12 to 36 months.
-The proposal eliminates the non-refundable sales tax exemption that existed in previous law.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Monday, May 17, 2010
Tax Credit - West Virginia
http://wvcommerce.org/business/industries/wvfilm/incentives/default.aspx
The West Virginia Film Industry Investment Act provides up to 31% tax credits for in-state spend (27% base, plus 4% for 10 or more resident crew or talent hires). Funded at $10 million annually; no caps; minimum spend of $25,000. Eligible projects include feature length films, TV films and series, commercials, music videos, and commercial still photography. Please visit our pages for guidelines, forms, and overview.
State Sales Tax Exemptions
Purchases and rentals of tangible personal property and purchases of services directly used in production are exempt from state sales tax (6%) (excluding food, beverages, motor fuel). Registration with the Tax Department is required, and with the exception of Sole Proprietors, all vendors must also register with the Secretary of State. To apply for exemption with the Tax Department, complete the Direct Pay Permit application. See also Doing Business in WV for registering with the Secretary of State and learning about other important requirements for doing business.
Lodging Tax Exemptions
Lodging stays at the same facility in excess of 30 consecutive days are exempt from state (6%) and local (varies by region) taxes. This is an automatic exemption and available to anyone; registration with the state is not required.
Fee Free Locations
Filming on most state-owned property is fee-free; in certain circumstances, a fee may be assessed and cost recovery charges may be applied. Permits and proof of liability insurance are required. To maximize cooperation, all filming requests should be first submitted to the Film Office to ensure navigation of the appropriate channels of communication among state agencies. See also Filming Guidelines for additional information.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
The West Virginia Film Industry Investment Act provides up to 31% tax credits for in-state spend (27% base, plus 4% for 10 or more resident crew or talent hires). Funded at $10 million annually; no caps; minimum spend of $25,000. Eligible projects include feature length films, TV films and series, commercials, music videos, and commercial still photography. Please visit our pages for guidelines, forms, and overview.
State Sales Tax Exemptions
Purchases and rentals of tangible personal property and purchases of services directly used in production are exempt from state sales tax (6%) (excluding food, beverages, motor fuel). Registration with the Tax Department is required, and with the exception of Sole Proprietors, all vendors must also register with the Secretary of State. To apply for exemption with the Tax Department, complete the Direct Pay Permit application. See also Doing Business in WV for registering with the Secretary of State and learning about other important requirements for doing business.
Lodging Tax Exemptions
Lodging stays at the same facility in excess of 30 consecutive days are exempt from state (6%) and local (varies by region) taxes. This is an automatic exemption and available to anyone; registration with the state is not required.
Fee Free Locations
Filming on most state-owned property is fee-free; in certain circumstances, a fee may be assessed and cost recovery charges may be applied. Permits and proof of liability insurance are required. To maximize cooperation, all filming requests should be first submitted to the Film Office to ensure navigation of the appropriate channels of communication among state agencies. See also Filming Guidelines for additional information.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Friday, May 14, 2010
Tax Credit - Washington
http://www.washingtonfilmworks.org/index.php/Filmmakers
Washington Filmworks (WF) provides funding assistance of up to 30% of in-state qualified expenditures (including Washington-based labor and talent). And they will cut you a check within 30 days.
Who qualifies?
To qualify for the 30% return in 30 days incentive program, your production company must meet the following in-state spending thresholds:
$500,000 Feature Films
$300,000 Television
$150,000 Commercials
Washington Filmworks accepts applications year round. Sometimes a response may take up to 30 days.
Which expenditures are eligible?
Funding assistance for the following expenditures when they’re purchased from a Washington State-based business:
Set construction and operations
Wardrobe, accessories, and make-up
Location fees and related services
Photography, sound synchronization, film processing and dailies, and lighting and related services
Rental of facilities and equipment
Renting or leasing of vehicles
o See Sales Tax Exemption for production vehicle rentals
All airfare purchased through a Washington-based business or agency
Insurance coverage and bonding
Per diem received in the state of Washington only
oPer diem may not exceed the IRS rate or the minimum per diem amounts as outlined in applicable collective bargaining agreements
Food and lodging, if purchased from a Washington state-based company
oSee Hotel/Motel Tax Exemptions for additional deductions
Post-production expenditures directly attributable to the qualified production
Other direct costs spent in Washington state directly related to the qualified production in accordance with generally accepted entertainment industry practices
Compensation paid to Washington state residents. This includes wages or salaries, fringe benefits or fees, and health insurance and retirement benefits of Washington State residents for talent, management, and labor.
Which expenditures DO NOT qualify?
Any purchase made outside of Washington State (even if the items are brought into the state for production or purchased from a Washington state-based company)
Any employee compensation for out-of-state residents
All activities and expenses related to marketing of the qualified production including promotional images and poster art
Payment of penalties or fines
Internet purchases made from non-Washington State businesses, even if the delivery location is in WA State
Postage
Cellular phone reimbursements
Which productions are NOT eligible?
Productions of a producer who has – or one or more of the production company’s principals have – a history of previous production problems that create significant doubt, as determined by WF, regarding the producer’s ability to complete a production successfully
News, current events or public programming that is viewer- or listener-supported (or not supported by advertising) or a program that includes weather or financial market reports as a material portion of the program
Talk shows, game shows or contests
Sports events or activities
Awards shows, galas or any production that solicits donations
Political advertising
Video game production
A production produced primarily for industrial, corporate or institutional purposes
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Washington Filmworks (WF) provides funding assistance of up to 30% of in-state qualified expenditures (including Washington-based labor and talent). And they will cut you a check within 30 days.
Who qualifies?
To qualify for the 30% return in 30 days incentive program, your production company must meet the following in-state spending thresholds:
$500,000 Feature Films
$300,000 Television
$150,000 Commercials
Washington Filmworks accepts applications year round. Sometimes a response may take up to 30 days.
Which expenditures are eligible?
Funding assistance for the following expenditures when they’re purchased from a Washington State-based business:
Set construction and operations
Wardrobe, accessories, and make-up
Location fees and related services
Photography, sound synchronization, film processing and dailies, and lighting and related services
Rental of facilities and equipment
Renting or leasing of vehicles
o See Sales Tax Exemption for production vehicle rentals
All airfare purchased through a Washington-based business or agency
Insurance coverage and bonding
Per diem received in the state of Washington only
oPer diem may not exceed the IRS rate or the minimum per diem amounts as outlined in applicable collective bargaining agreements
Food and lodging, if purchased from a Washington state-based company
oSee Hotel/Motel Tax Exemptions for additional deductions
Post-production expenditures directly attributable to the qualified production
Other direct costs spent in Washington state directly related to the qualified production in accordance with generally accepted entertainment industry practices
Compensation paid to Washington state residents. This includes wages or salaries, fringe benefits or fees, and health insurance and retirement benefits of Washington State residents for talent, management, and labor.
Which expenditures DO NOT qualify?
Any purchase made outside of Washington State (even if the items are brought into the state for production or purchased from a Washington state-based company)
Any employee compensation for out-of-state residents
All activities and expenses related to marketing of the qualified production including promotional images and poster art
Payment of penalties or fines
Internet purchases made from non-Washington State businesses, even if the delivery location is in WA State
Postage
Cellular phone reimbursements
Which productions are NOT eligible?
Productions of a producer who has – or one or more of the production company’s principals have – a history of previous production problems that create significant doubt, as determined by WF, regarding the producer’s ability to complete a production successfully
News, current events or public programming that is viewer- or listener-supported (or not supported by advertising) or a program that includes weather or financial market reports as a material portion of the program
Talk shows, game shows or contests
Sports events or activities
Awards shows, galas or any production that solicits donations
Political advertising
Video game production
A production produced primarily for industrial, corporate or institutional purposes
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Thursday, May 13, 2010
Tax Credit - Virginia
http://film.virginia.org/incentives/incentives.aspx
Most of the expenses incurred in the purchase of production-related supplies or equipment is exempt from the state’s 5% sales and use tax. This exemption is realized at the time of purchase and can be obtained by simply submitting a form to the merchant at the time of purchase. No paperwork needs to be filed upon completion of production and no rebates will be sent at the end of the tax year. The exemption is received immediately.
Listed below are some of the major items covered by the Sales and Use Tax Exemption:
Developing film including movie film
Transporting charges that are separately stated
Hotel and motel rooms that are occupied by a guest for 90 or more consecutive days
Repair services for which a separate charge is made
Camera film
Materials used to construct costumes
Materials used to construct props and scenery
Equipment rentals
Design supplies
Heating and Air conditioning used on the set
Scripts
Musical scores
Storyboards
Tapes
Drafting and art tables and supplies.
HOTEL TAX EXEMPTIONS
State Sales Tax Exemption
After 90 days, those staying in a Virginia hotel or motel will be exempt from paying the state's 5% sales tax on the entire stay. You will pay the taxes to the hotel until your stay exceeds 90 days. After that time, you will no longer be charged state sales tax and the amount you have already paid will be credited back to your hotel or motel bill.
Lodging Taxes
Many counties and cities in Virginia charge an additional lodging tax, often referred to as a transient occupancy tax, and the laws governing these taxes vary greatly by locality. As a general rule, however, most localities will exempt residents of hotels and motels from the tax after a stay of 30 days or more.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for sample film budget!
Most of the expenses incurred in the purchase of production-related supplies or equipment is exempt from the state’s 5% sales and use tax. This exemption is realized at the time of purchase and can be obtained by simply submitting a form to the merchant at the time of purchase. No paperwork needs to be filed upon completion of production and no rebates will be sent at the end of the tax year. The exemption is received immediately.
Listed below are some of the major items covered by the Sales and Use Tax Exemption:
Developing film including movie film
Transporting charges that are separately stated
Hotel and motel rooms that are occupied by a guest for 90 or more consecutive days
Repair services for which a separate charge is made
Camera film
Materials used to construct costumes
Materials used to construct props and scenery
Equipment rentals
Design supplies
Heating and Air conditioning used on the set
Scripts
Musical scores
Storyboards
Tapes
Drafting and art tables and supplies.
HOTEL TAX EXEMPTIONS
State Sales Tax Exemption
After 90 days, those staying in a Virginia hotel or motel will be exempt from paying the state's 5% sales tax on the entire stay. You will pay the taxes to the hotel until your stay exceeds 90 days. After that time, you will no longer be charged state sales tax and the amount you have already paid will be credited back to your hotel or motel bill.
Lodging Taxes
Many counties and cities in Virginia charge an additional lodging tax, often referred to as a transient occupancy tax, and the laws governing these taxes vary greatly by locality. As a general rule, however, most localities will exempt residents of hotels and motels from the tax after a stay of 30 days or more.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for sample film budget!
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