The scoop: New provisions to the incentives program include an increase
of the tax credit to 30% for productions spending over $1 million in-state.
Productions spending between $250,000 and $1 million can be eligible for a
20% tax credit. Other changes include tax credits up to 15% for infrastructure
development. All tax credits are transferable and may be carried forward for
five years. State also offers sales and use tax exemptions.
Shot there: "The Kingdom," directed by Peter Berg
Link: azcommerce.com/film
The scoop: Recently expanded tax credit legislation adds to the existing
no-cap tax credit of 30% for productions spending over $50,000 in-state. New
changes include an animation tax credit with a $15 million annual cap,
graduated infrastructure tax credit up to 20% with a $1 million minimum
spend, and expanded production credit that includes interactive websites and
music recordings.
Shot there: "
Link: ctfilm.com
The scoop: The Florida Legislature recently approved $25 million in
funding for fiscal 2007-08. State offers films a 15%-22% cash rebate for
minimum spends of $625,000. Local indie features or
docs 70 minutes or longer and spending between $100,000 and $625,000 are
eligible for 15%-17% cash rebate.
Shot there: "Ace
Link: filminflorida.com
The scoop:
Shot there: Tyler Perry's "Meet the Browns"
Link: georgia.org/business;
georgiaproduction.org
The scoop:
Shot there: "Tropic Thunder," directed by and starring Ben
Stiller
Link: hawaiifilmoffice.com
The scoop:
Shot there: "The Dark Knight," by Christopher Nolan
Link: dceo.net/dceo/bureaus/film
The scoop:
Shot there: "The Great Debaters," directed by and starring Denzel Washington
Link: lafilm.org
MASSACHUSETTS
The scoop: New film tax credit law increases payroll credit to 25%,
eliminates cap on the credit, lowers the minimum in-state spend to $50,000 and
includes digital media projects. Additionally, filmmakers can now choose
between taking the credit as a direct rebate at 90% of the value of the credit
guaranteed or sell it at the market rate -- whichever is more favorable.
Shot there: "The Women," with Annette Bening
Link: mafilm.org; beanywood.com
The scoop: New incentives include cash refund of up to $2 million
per production on a sliding scale of 12%-20% based on amount spent in state.
Minimum in-state spend to qualify is $200,000. Annual cap is $7 million.
Shot there: "Semi-Pro," starring Will Ferrell
Link: michigan.gov/filmoffice
The scoop:
Shot there: "Chasing the White Dragon," "The
Outskirts"
Link: visitmississippi.org/film
The scoop: State offers qualified productions 14% rebate on first
$50,000 wages paid to
Shot there: HBO's "Taking Chance," starring Kevin Bacon
Link: montanafilm.com
NEW
The scoop: New legislation has passed to increase annual cap to $30
million and to lower spend to 50% of total production costs. The governor now
needs to sign it into law. Currently,
Shot there: "Assassination of a High School President,"
starring Bruce Willis
Link: njfilm.org
The scoop:
Shot there: "Leatherheads," directed by and starring George
Clooney
Link: ncfilm.com
The scoop: Permanent 25% tax refund, with no minimum spend to qualify
and no cap on the refund. State also offers no-interest loans up to $15 million
for qualified productions with a budget of at least $2 million.
Shot there: "Game," starring Gerard Butler
Link: nmfilm.com
The scoop: The state of
Shot there: "Men," directed by Todd Phillips and starring Tom
Cruise
Link: nylovesfilm.com;
nyc.gov/film
The scoop:
Shot there: "The Lovely Bones," from Peter Jackson
Link: filminpa.com
The scoop:
Shot there: "Gospel Hill," starring Samuel Jackson
Link: filmsc.com
The scoop: New two-part incentives package offers up to a 32% rebate.
The production rebate is 13% for in-state expenditures and is raised for
Shot there: "Two Weeks," starring Sally Field
Link: tennessee.gov/film/index.htm
The scoop: New incentives include grants equal to 5% of in-state
spending for feature film productions that spend a minimum of $1 million in
state. Maximum grant is $2 million for features. Projects that shoot at
least 25% in underused areas are eligible for an additional 1.25% of in-state
spending.
Shot there: "
Link: governor.state.tx.us/divisions/film
The scoop: State pols recently approved an
increase of the rebate to 15%. Productions must spend a minimum of $1 million
in state to qualify for the rebate, and there is a $500,000 cap per project.
State also offers sales tax exemption on machinery and equipment and a lodging
tax rebate.
Shot there: "High School Musical 2"
Link: film.utah.gov
The scoop: New financial incentive include up to a 20% return on
qualified in-state expenditures. There is a $1 million cap per production
with a minimum spend of $500,000 for features to qualify. State also offers
hotel tax and sales tax exemptions.
Shot there: Lifetime's "The Holidays"
Link: filmwashington.com;
washingtonfilmworks.org
Read the full article at:
http://www.variety.com/article/VR1117971603.html