Updates by Jurisdiction
For more information on incentives in each state, visit the Production Incentives map on our website and click on the state of interest.
A proposal has been made by the Economic Development Department to the City Council in Las Cruces, NM in hopes to bring more film and TV productions to the city. If approved, the city would pay 10% of “qualified expenses” to film production companies that spend at least $100K in Las Cruces. (See Las Cruces Sun-News)
As of September 1, 2018, Qualified Scripted Television Series spending $500K per episode in Qualified Tennessee Spend and including a Film Tennessee Logo will receive an additional 5% uplift on Tennessee Resident Labor and up to $2M per season in compensation expenses for Qualifying Non-Resident labor. (See Tennessee Entertainment Commission)
For more information on incentives around the world, visit our website and click on the country of interest.
The government of the Republic of Cyprus has introduced a package of incentives encouraging international producers to bring productions to the country. Production companies will be able to choose between a cash rebate and a tax credit. Qualifying production types include, but are not limited to: feature films (including animation), TV series or mini-series, documentaries for theatrical or TV release, and animation. (See Film in Cyprus)
France is set to launch a state funding bonus for productions in which the director and key crew members are women, as part of a drive to improve gender equality in the French cinema industry. The new measure would be introduced in 2019 and would operate around an eight-point system, allowing a production to be eligible for a bonus of up to 15% of its expected state funding allocation once it had achieved at least four points. (See Screen Daily)
EPFS Locations Spotlight
EP is a primary contributor to Variety‘s “Artisans” Feature, spotlighting various filming locations around the world. Here are the locations we have covered in recent weeks.
Political climates change, but that hasn’t stopped the nation’s capital from continuously attracting filmmakers. After all, the District of Columbia boasts the country’s most recognizable monuments and landmarks, and provides the perfect backdrop for all kinds of political dramas, spy thrillers, and even apocalyptic blockbusters. To further entice studio budget hawks, Washington D.C. also offers a series of substantial rebates on qualified spend.
To qualify for the rebates, a film needs to spend a minimum of $250K. Once that is met, a 35% rebate is available for qualified production expenditures that are subject to taxation in the District. For qualified production expenditures spent with District of Columbia registered vendors, not subject to taxation in the District, there’s a rebate of 21%.
Portugal boasts a picturesque coastline, a rustic countryside, historic architecture, and a capital city (Lisbon) throbbing with urban excitement. In early 2017, the Portuguese Film and Audiovisual Institute (ICA) set up a new production incentive that now offers one of the most attractive schemes in Europe, with a cash rebate offering of up to 30%.
Specifically, the incentive provides a cash rebate that ranges from 25% to 30%. The minimum production expenditure required for fiction is €500K (approx. $587K). For documentaries, the minimum required is €250K (approx. $294K). The program’s annual cap is set at €12M (approx. $14.1M), and it will continue at least through 2021.
The $100K production incentive recently launched by Southern Florida’s Miami-Dade County is making the area even more welcoming of producers already lured by its warm climate, natural beauty, the Renaissance gardens of its Villa Vizcaya estate, the nightlife of its bustling Coconut Grove neighborhood, the exoticism of its Little Havana, the art deco time capsule that is South Beach, and the modern, soaring skyline of Miami itself.
Specifically, the incentive takes the form of a $100K grant-rebate for qualified productions. It requires a minimum spend of $100K in Miami-Dade County.
DISCLAIMER: These materials have been prepared by Entertainment Partners for informational purposes only and should not be construed as tax advice or relied on for specific projects. Though every effort has been made to remain current, laws and incentives change and therefore this information may have been revised. Please contact your legal or tax advisors to confirm any laws or the effect of incentives on your project. For updates and more information, please visit our website at productionincentives.com.
Providing links to other sites shall not be construed as an endorsement by Entertainment Partners of the linked websites or the opinions expressed on such websites.