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.
HB 199, which provides a 20% tax credit for post-production companies that have a Georgia payroll of at least $250K and spend at least $500K during a taxable year, has been signed by the Governor.
SB 254 has been signed by the Governor. The bill makes significant changes to the state’s Motion Picture Tax Credit. Some of the changes include:
- an issuance cap of $150M for each of the next three fiscal years. For each year after that, the cap would go back to $180M;
- a base investment credit of 25% for projects in excess of $300K, or if a production is a Louisiana screenplay production;
- an additional base investment credit of 5% for projects filmed outside the New Orleans Metro Zone;
- an additional base investment credit of 10% for certain expenditures equal to or greater than $50K but no greater than $5M for projects meeting certain Louisiana screenplay criterial;
- a 15% credit for Louisiana resident payroll expenditures;
- a 5% credit for certain Louisiana-based VFX expenditures meeting certain requirements;
- a production may transfer the credit to the LA DOR for 90% of the credit face value;
- a production may not transfer or sell a credit to another taxpayer;
- sunset date of July 1, 2025
HB 508 has been signed by the Governor. The bill authorizes a fee for the transfer of a motion picture production tax credit of 2% of the tax credit transfer value for productions that apply to the office on or after July 1, 2017.
SB 177 has been signed by the Governor. The bill changes withholding rates on qualified production payments from the highest individual rate of 6% to the rate specified on an employee’s withholding allowance certificate.
The non-resident payroll portion of the incentive program, which offers a 25% cash rebate on payroll paid to cast and crew members who are not Mississippi residents, was not extended by the Legislature this year. This component will expire July 1. The Department of Revenue will not issue any rebates for non-resident productions submitted after June 30, 2017. (See The Oxford Eagle)
SB 4999 has been sent to the Governor for signature. The bill allows writer’s and director’s fees and salaries to be eligible production costs provided that in each case such writer or director is a minority group member or a woman. Tax credits for eligible fees are capped at $5M per year.
AB 8002 was introduced, which would prohibit the Empire State Film Production Credit for any production that depicts or refers to any tobacco product, non-pharmaceutical nicotine delivery device or its use, associated paraphernalia, related trademarks, or promotional material.
AB 8073 was introduced, which would establish the Empire State Digital Gaming Media Production Credit. The credits would be calculated as a percentage of eligible production costs incurred within the state and be allocated on a regional basis. The credit would be limited to an aggregate of $50M per year.
The House and Senate voted this week to override the Governor’s veto of the state’s budget plan, passing SB 257 into law. Within the bill, the Film and Entertainment Grant Fund is allocated $15M for FY 2017-2018. (See The News & Observer)
The state tax incentive for film productions in Washington is set to expire at the end of June. As we reported in February, HB 1527 was introduced to extend the sunset date for 10 years, but has yet to have any movement. (See The Spokesman-Review)
State-by-State Funds Available as of July 1, 2017
Who has funds in the Summer of 2017? There is still substantial film incentives money available, and some new money too. Here’s how to find it:
Alabama $7M currently available.
Arkansas Discretionary pool of $50M. Contact Film Office for current availability
California The next application window is for feature films (independent and non-independent) is October 16-20.
Colorado $750K currently available.
Connecticut No program cap.
District of Columbia $1M currently available.
Georgia No program cap.
Hawaii No program cap.
Kentucky No program cap.
Louisiana $150M currently available.
Maine No program cap.
Maryland No funds currently available.
Massachusetts No program cap.
Minnesota $1M currently available
Mississippi $20M currently available.
Montana Discretionary pool available. Contact Film Office for details.
Nevada $10M currently available.
New Mexico $50M available on a rolling basis. Contact Film Office for details.
New York $420M available per year through June 30, 2019. Contact Film Office for details.
North Carolina $33M currently available.
Ohio $40M currently available.
Oklahoma $5M currently available on a rolling basis. Contact Film Office for details.
Oregon Contact Film Office for current funding.
Pennsylvania $65M currently available.
Puerto Rico Contact Film Office for current funding.
Rhode Island $14M currently available.
South Carolina $15.5M currently available
Tennessee Contact Film Office for current funding.
Texas Contact Film Office for current funding.
Utah Contact Film Office for current funding.
Virginia Funds currently available, contact Film Office for details.
Washington Contact Film Office for current funding.
West Virginia Contact Film Office for current funding.
For more information on incentives around the world, visit our website and click on the country of interest.
Six international projects applied for tax incentives in Croatia by June 1, 2017. According to the Croatian Audiovisual Centre, 2017 will be a better year than the record year 2015. (See Film New Europe)
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