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.
Los Angeles Mayor Eric Garcetti is promising to push for an increase in California’s production tax incentives to at least $500M annually – up more than 50% from the current $330M figure. (See Variety)
Santa Clarita had a robust year of location filming in fiscal year 2016-17, with the Film Office recording 545 film permits and 1,265 location film days, which generated an estimated economic impact of $30.1M to the local community. (See Signals SCV)
Production of Marvel Studios’ Captain Marvel, which was originally planning to shoot in Atlanta next January, will now be shifting to California, thanks to a significant tax break in the Golden State. The 2019 Marvel Studios release will land some $20.1M from the California Film Commission’s tax credit program and end up as the first Marvel Studios motion picture to film primarily in California since Captain America: The Winter Solider in 2014. (See 11Alive)
Miami-Dade has created a new incentive program to help lure films and television series back to Florida. The county hopes that offering a $100K local subsidy will replace a portion of what Florida used to offer Hollywood with its $300M incentive program that expired last year. (See Miami Herald)
North Miami announces a film incentive program aimed at keeping business in Florida. The city’s program will provide 30% reimbursement of costs for filming, if it’s done in the city’s redevelopment areas. (See Miami Herald)
The Governor announced that Georgia’s feature film and television productions generated an economic impact of $9.5B during fiscal year 2017. The 320 feature film and television productions shot in Georgia represent $2.7B in direct spending in the state. (SeeCBS46)
In case you missed our “Quick Alert,” Louisiana has made significant changes to their Motion Picture Tax Credit program. See an overview here.
The state issued $153.9M to 38 movie and TV productions in the first quarter of 2017, the highest quarter of credits to date. Those productions, which included both movies and TV shows, spent $713.4M in the state and hired 46,230 production workers during that time period. (See Crains New York)
HB 5777 has been signed by the Governor, which removes Video Games from the list of qualified productions and extends the sunset date until July 1, 2024.
Earlier this month, the state’s Motion Picture Competiveness Program (MPCP), which was scheduled to sunset on June 30, was renewed for 10 more years. (See The Stranger)
The budget passed by state lawmakers in June cuts out all funding for the West Virginia Film Office and eliminates all three staff positions. The more than $340K per year in funding, as well as the Film Investment Tax Credit and the Reel-Scout database the office oversaw, will be shifted to the Division of Tourism. (See WV Metro News)
For more information on incentives around the world, visit our website and click on the country of interest.
The Czech Republic benefited from $156.2M from foreign productions shooting in the country last year, slightly down for the first time since 2009. The $10.3M drop in revenue from foreign productions for 2016 has local producers looking hard at tweaks to the incentives system, while also considering whether the country could be reaching capacity for highly trained crews because of constant demand by international projects. (See Variety)
As it approaches its 10th anniversary, Jerusalem’s Film & Television Fund is pushing into the hi-tech worlds of VR, visual effects, and gaming. (See Screen Daily)
Italy’s iconic Cinecittà Studios, where Ben-Hur and other classics were filmed, is returning to state ownership after nearly a decade in private hands, with a planned revamp involving the construction of two new soundstages on the studio’s backlot. (See Variety)
Slovakia is slashing the minimum spend requirements for international productions applying for the country’s incentive scheme. The minimum expenditure level will be cut from €2M to €150K for a single feature, documentary, or animated film, and to €300K for a project involving at least two such films or a TV series. (See Film New Europe)
The Department of Trade and Industry has announced it will spend R100M by the end of March 2018 on supporting emerging black filmmakers through the South Africa Emerging Black Filmmakers Incentive. (See The Citizen)
Film companies made 630 claims for film tax relief in 2016-17, up from 535 in the previous year. HMRC paid £415M to the UK film industry, a 23% rise from £340M in 2015-17. (See CCH Daily)
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.