THE INCENTIVES OFFICE TELLS YOU WHERE TO GO...
Alabama - $6 million available now, with new funds will be available on October 1st. $10 million annual cap.
Alaska - $50 million is available. Alaska has no caps on talent or projects, but requires a CPA audit to sell their 30-44% credits.
Colorado - $500,000 remains for their 10% rebate.
Connecticut - no annual cap. Regulations have tightened up for this (up to) 30% transferable credit.
Florida - (film only - see below for television). Only Florida resident cast and crew qualify, plus FL goods and services.
Georgia - 20% transferable credit, plus 10% uplift for logo (totaling 30%), requires audit/tax return. New sound stages, lots of post facilities. No annual ceiling.
Hawaii - refundable credit of 15% to 20%, requires a tax return. No annual cap.
Illinois - only resident cast and crew qualify, but Chicago is a major production center. Transferable credit of 30%. $100,000 per hire cap, but no annual ceiling.
Indiana - $2.5 million remains for the remainder of this calendar year.
Louisiana - top choice of producers, transferable credit of 30%, plus 5% bump for resident labor. The state redeems credits at 85 cents after CPA audit, or they can be sold (brokered). Many films now in prep or pre-production, so crew is getting strained. No annual ceiling, and three great stages.
Massachusetts - 25% transferable credit; state redeems at 90 cents. No caps or ceiling, and the credits are easy to sell after CPA audit.
Mississippi - a rebate of 25% for materials and non-resident crew, 30% for resident crew, $1M per hire cap. "The Help" was shot in Mississippi. Not a lot of crew depth, but growing. New sound stage in Canton. Costs are low, and the state is eager for production. $18 million is available.
Montana - refundable credit of 9% to 14%. No annual cap.
New Jersey - $14 million available, but half of this will be gone very soon, as earlier shows complete their submissions. 20% transferable credit, sellable after the CPA audit.
New Mexico - annual allocation is $50 million, for this 25% refundable credit which requires a NM tax return. First come, first served; if funds not available when you apply, you wait a year. Depending on total amount, credits awarded over 1, 2 or 3 years.
New York - fiscal year started July 1st, so new funds are available. Below-the-line credit of 30%, payable over 1-3 years with filing of NY state tax returns.
North Carolina - refundable credit of 25%, $1M per hire cap, and project cap of $7.5M. NC requires a tax return. No annual ceiling.
Pennsylvania - Some funds remain, but not for long. However, applications are stil being accepted, as films may drop out of the queue, freeing up funds for new projects.
South Carolina - $14 million currently available for their 10% to 30% rebate.
Texas - The incentive has now been raised to 15% for video game production. The previous rate was 5%. Only Texas resident cast and crew qualify, plus TX goods and services.
Utah - $11 million of fully refundable credits at 25% (with tax return), $3 million for 25% cash rebates (up to $500,000 per project).
West Virginia - $10 million annual cap, $10 million available. 27-31% credits.
AND WHERE NOT TO GO (FOR NOW)
Arizona - program was allowed to sunset, new legislation was defeated.
Florida(television only) - funds for the TV queue are exhausted, and without new legislation, new application will not be accepted.
Missouri - the film commission was not funded.
Idaho - program is not funded.
Iowa - program has been terminated.
Ohio - all funds gone until next fiscal year. Applications are being accepted in case something drops out of the queue
Oklahoma - no funds available until fiscal 2013, which starts July 1, 2012. Applications will be accepted beginning January 1, 2012.
Oregon - a good program, but they are out of funds until July 1, 2012.
Washington - program was allowed to sunset.
Wisconsin - allocation of $500,000 per year.
OTHER LOCATIONS TO CONSIDER
California - all funds allocated. Applications will be accepted starting June 1, 2012, for the next fiscal year, which starts July 1, 2012.
Michigan - Funds currently exhausted, but $25 million via a grant becomes available October 1, 2011. $2M cap per hire, and qualifying rates vary from 30-42%.
Minnesota - $1 million has been allocated; please contact the commissioner for details. Rules and requirements will change - no additional information is available.
Have a great day ☼
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