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Updates by Jurisdiction

U.S. Updates

For more information on incentives in each state, visit the Production Incentives map on our website and click on the state of interest.

HAWAII
HB 1328 is pending, which would raise the annual cap for the state’s film tax credit from $35M to $55M, lower the project cap from $15M to $12.5M, and allow alternative marketing opportunities that offer equal or greater promotional value to the state than the shared-card, end-title screen credit.

KENTUCKY
HB 366 was enacted on April 14, which made multiple changes to the state’s film and entertainment incentive program, including:

  • Added an annual cap of $100M for the calendar year 2018 and each calendar year thereafter;
  • Provides a non-refundable, non-transferable tax credit for applications approved on or after the effective date (applications approved prior to the effective date remain eligible for a refundable tax credit);
  • Removes commercials from the list of qualifying productions.

The bill also suspends the state’s refundable tax credit on sales and use taxes paid on purchases made in connection with the filming or producing of motion pictures, until July 1, 2022.

LOUISIANA
St. Bernard Parish officials, in partnership with the nonprofit St. Bernard Economic Development Foundation, are offering a new tax incentive for motion picture film, digital, and TV productions made locally to the Parish. The incentive program offers a 3.5% rebate on lodging, payroll expenses, and other production costs. St. Bernard Parish is part of the New Orleans-Metairie, LA Metropolitan Statistical Area. The parish is located southeast of New Orleans.(See New Orleans Advocate)

MINNESOTA
HB 4108 was introduced, which would allow a production to receive a 25% refundable tax credit on certain film production and post-production expenditures made within the state. If enacted, the bill shall take effect after December 31, 2018.

NEW JERSEY
SB 122 is eligible for the Governor’s signature, which provides a tax credit for certain expenses incurred for production of certain film, TV, and digital media content beginning July 1, 2018. Elements of the incentive include:

  • 30% transferable tax credit for film and TV productions (35% in certain economically destressed counties);
  • 20% transferable tax credit for digital media content (25% in certain economically destressed counties);
  • Compensation cap of $500K;
  • 6.37% mandatory withholding on loan-outs;
  • Sunset date of June 30, 2023;
  • Annual cap of $75M

NEW YORK
SB 8032 was introduced, which would provide a credit for TV writers’ and directors’ fees, provided that the eligible writer or director is a minority group member or a woman, and are not a profit participant in the qualified production.


EPFS Locations Spotlight

EP Financial Solutions 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.

THE NETHERLANDS
The Netherlands, well known for its progressive politics – not to mention legalized pot and prostitution – also offers a variety of filming locations, ranging from the historic canals and period architecture of Amsterdam, to sandy windswept beaches along the North Sea, to endless fields of colorful tulips during springtime. It all comes with a hefty cash rebate on qualified spend. Specifically, the incentive can be up to 35% for selected projects. A minimum production budget of $1.23M is required for feature films, and $308K for documentaries. The minimum production budget for TV series is $1.23M per episode. There’s a $1.85M project cap.

SAVANNAH
Bustling Atlanta may be the third-largest production center in the U.S. (after L.A. and New York), but the coastal Georgia city of Savannah offers far more charming allures for producers looking to shoot amidst cobblestone streets, green parks, and historic buildings – not to mention in the haunting Bonaventure Cemetery, made famous by the novel and film “Midnight in the Garden of Good and Evil.” Plus, the city provides a 10% rebate on qualified film and TV spend on top of Georgia’s already generous 20-30% transferable tax credit.


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 epfinancialsolutions.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.