tax credit
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Cash Back: How Film Tax Incentives Work
Let’s assume you got into filmmaking because you wanted nothing to do with business school. Well, tough. Movies are the most expensive art form; even ones they call “no-budget” aren’t. You need to learn about business eventually, and in today’s world, even independent filmmakers need to understand terms like “transferable rebates,” “soft money” and “100 percent deductibility.” In fact, there’s one financing term both Hollywood and independent producers must know: “tax credits.” The studio world is continually on the lookout for states offering production rebates that will reduce the cost of their movies and TV shows, while independent producers scout […]
by Matt Prigge on Mar 8, 2018 -
Film Tax Incentives
A recent panel on State Tax Incentives sponsored by Media Services and Film Incentives Group, LLC., was centered on tax credits for Massachusetts and Rhode Island, but much of the advice is applicable to other state programs. It’s important to note that while many states offer some form of tax incentive for filmmakers, there are several important differences between the various programs: whether it’s a rebate or a credit, transferable, has a cap [the state has a total limit per years for all credits], the minimum production budget requirements, and several other details. Also covered was: different ways to use the […]
by Michael Murie on Sep 28, 2012
