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Film Tax Incentives and Law
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Flashcards
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Georgia Entertainment Industry Investment Act
Provides a 20-30% tax credit for companies that spend
Australian Producer Offset
Part of the Australian Screen Production Incentive that provides a tax rebate of 40% for feature films and 20% for other eligible formats of production, incentivizing film production within Australia.
South Africa Film and Television Production Incentive
Offers a rebate of up to 35% for foreign productions with a qualifying South African spend, as part of efforts to attract foreign filmmakers and to boost the local economy through film production.
Canada's Film or Video Production Services Tax Credit (PSTC)
A federal tax credit that provides a 16% rebate on qualified Canadian labor expenditures to foreign producers. The intent is to attract foreign film production companies to Canada, thereby boosting the local economy.
New York State Film Production Credit
A refundable credit of 30% on qualified production costs for companies that produce feature films, television series, relocated television series, television pilots, films for television, and/or movies of the week in New York.
California Film & Television Tax Credit Program
Offers tax credits based on qualified expenditures for eligible productions shot in California, with the goal to keep film jobs in the state. Credits are allocated based on the type of production and range from 20% to 25%.
French Tax Rebate for International Production (TRIP)
Provides a 30% tax rebate to international productions that spend at least €250,000 or 50% of their total budget on French territory, aiming to make France a competitive location for filming.
Louisiana Motion Picture Investor Tax Credit
Offers a tax credit of up to 40% on eligible in-state expenditures, including resident and non-resident labor, aimed at increasing the competitiveness of Louisiana in the film industry.
Federal Section 181
Section 181 of the IRS code allows investors in qualified film or television productions to deduct 100% of their investment against their taxable income in the year the money is spent. This incentivizes investment in the domestic film industry and often influences decisions on where to shoot a production.
German Federal Film Fund (DFFF)
Provides a grant of up to 20% of qualifying expenditures for domestic and international producers who spend at least 25% of their production budget in Germany or spend at least 1 million euros in Germany on their total production costs.
New Zealand Screen Production Grant
Offers international and domestic producers grants of up to 40% of the qualifying production expenditure to undertake screen production in New Zealand, promoting the country as a world-class filming destination.
United Kingdom Film Tax Relief
Offers a 25% rebate on UK qualifying film production expenditure. The purpose is to encourage film production in the UK and it has significantly increased the number of films produced within the country.
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