Posted 12 October, 2008 in MA News
MASSACHUSETTS reports that 10 films are currently in prep or pre-production, compared with 8 at this time last year. Plymouth Rock Studios has purchased a golf course in Plymouth as the site of their proposed sound stage development. A town meeting to vote on the project is expected this month. MA has no caps on talent or per production.
Posted 12 October, 2008 in GA News
GEORGIA has been generating substantial production interest in its new program which offers a tax credit of up to 30%. However, the credits are subject to recapture, which might present a problem for some potential buyers.
Posted 12 October, 2008 in FL News
FLORIDA, despite the reduction in their allocation for the current fiscal year, still has funds available for productions that start principal photography after January 1, 2009. Anyone interested should file an application as soon as possible. Applications are online at www.filminflorida.com.
Posted 12 October, 2008 in AZ News
Arizona still has funds available for production in 2008 (anything not used from the 2008 allocation carries over to 2009). Applications are available at www.azcommerce.com/film. Applications for the funds allocated for 2009 will be accepted starting in January.
South Carolina is considering legislation that would reinstate the 20% feature film incentive for out-of-state crew; currently out-of-state crew are capped at 10% of the first $35,000 in wages. Qualified television projects earn 20% for out-of-state crew up to $1M. Both qualified film and tv projects can earn 20% for all cast and local hires up to $1M, and 30% for SC goods and services
Attempts are now underway in the Michigan legislature to limit the amount available per year for production rebates. Currently there is no limit or cap, but last week an amendment bill which would put a $50 million per year cap on the rebate was passed by a Senate committee. The House is now out of session until after the election; legislation not approved by both the Senate and House by December 31 may not be carried over to 2009, so passage is unlikely this year. But it is probable that an amendment will be introduced again next year.
Meanwhile, the Michigan Treasury Department has ruled that mileage reimbursements, meal allowances and per diems will not qualify for the rebate unless they are subject to Michigan taxes.
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