![]() ![]() $75 million in 2023, set to grow to $125 million by 2025.ġ5% tax credit for productions of up to $10 million, 17.5% tax credit for productions of up to-$35 million, and 20% tax credit for productions over $35 million.Īdditional 2.5% tax credit on production labor costs for positions held by Arizona residents. This state currently has no film tax incentive program in place. The production company must spend a minimum of $150,000 in a year and at least $500,000 on the whole project in the state to qualify for the movie production incentives in Alabama. Qualified expenditures include pre-production, production, and post-production costs incurred in the state, including salaries and wages but excluding marketing and distribution expenses. This means that if your film budget exceeds this amount, only the first $20 million spent in Alabama will qualify for the film tax credit. Any other expenses incurred also get a 25% tax incentive.Īlabama only offers incentives on the first $20 million of qualifying product expenditures. Resident workers (both above and below-the-line) earn a 35% tax incentive, and all other qualified workers get a 25% tax incentive. We’ve included a list of all states in alphabetical order, a link to the application website, and a brief summary of their tax credit details. ![]() When picking a location, weigh the costs and benefits of shooting at a local destination vs. Transferable Refundable Tax Credit: The production company can transfer their tax credits to a local company to reduce or eliminate their tax liability.įilm tax incentives differ across every state.The state repays production companies' excess production credits after all income tax is paid. ![]()
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