Posted 26 April, 2009 in Uncategorized
MICHIGAN has sent checks for 10 of the 12 productions that have filed their tax returns and paperwork for productions in 2008. The remaining checks are anticipated soon. Additional filings are expected during the coming months. The Treasury Department has recently released checks in as little as two weeks after final paperwork is filed. Their 30-42% tax credit program is generating many new shows.
Posted 26 April, 2009 in Uncategorized
ALABAMA has a new incentive – A 25% rebate for talent, goods and services purchased in the state, 35% rebate for resident crew, plus a waiver of sales and lodging tax. $5,000,000 is available for the fiscal year ending 2009, and $7,500,000 will be available for fiscal year ending 2010. Please contact the Film Commissioner to confirm all details.
Posted 26 April, 2009 in Uncategorized
The Governor has just signed a bill that increases the Washington production incentive to 30%. A maximum of $3.5 million per year is available, and only Washington residents and purchases from Washington vendors qualify. More information is available at: http://www.washingtonfilmworks.org/guidelines.html
Posted 26 April, 2009 in Uncategorized
Guidelines for the new Alaska incentive have now been posted, at http://dced.state.ak.us/oed/film/bulletinboard.htm. These regulations become final in 30 days.
Posted 26 April, 2009 in Uncategorized
By COREY WILLIAMS
FROM BUSINESSWEEK
ALLEN PARK, MICHIGAN
Michigan’s pool of skilled and unskilled labor along with the state’s attractive tax incentives for moviemakers have helped lure a $146 million film and television production complex to the Detroit area.
That’s very good news for the region, which has one of the country’s highest unemployment rates.
The complex will be built on 105 acres (42 hectares) in Allen Park, just outside Detroit, officials said at a Tuesday afternoon news conference.
Its eight sound stages will be housed in a 750,000-square-foot (69,677-square-meter) production and post-production facility. Equipment rentals, sound and music recording facilities and animation design also will be housed in the facility.
Allen Park beat out a location in Louisiana for the complex, said Unity Studios Inc. President Jimmy Lifton, a former Detroit area native.
Groundbreaking is expected to take place within 60 days with the studio going operational in October, Lifton told reporters, union members and Allen Park residents in city council chambers.
Michigan has been drawing more moviemakers since the tax incentives went into effect last year. The refundable movie tax credit of up to 42 percent on production expenses in the state is the most lucrative in the country.
Officials in February announced planned production studios in Detroit and Pontiac that are expected to bring thousands of jobs.
Posted 22 April, 2009 in Uncategorized
Posted 22 April, 2009 in Uncategorized
Will Film Incentives Survive the �Legislative Scalpel� During this Recession?
April 23, 2009
12:30pm – -4pm
The New School for Drama
151 Bank Street
Al Jolson Theater
3rd Floor Drama Theater
NY, NY 10014
212-229-5859 x 2625
Our preliminary panelists include:
Pat Kaufman, Empire State Film Office
Pat Kaufman will be discussing the current increase in New York’s Film Incentive, as well as the long term outlook for filming in the Empire State.
Nick Paleologos – Executive Director of the Massachusetts Film Office
Nick Paleologos will be discussing the Massachusetts Film Incentive, its economic impact on the state, and how to maximize your benefits under the current MA program.
George Norfleet – Connecticut Film Office
George Norfleet will discuss the benefits of filming in Connecticut as well as the future of Connecticut’s film program.
Jeff Begun, the Incentives Office
Jeff Begun is one of the industry’s top experts in the nation when it comes to film incentives. He will report on the benefits of various state incentives as well as any new programs across the country.
Russ Nissen, Twentieth Century Fox
Russ Nissen has recently completed movies in Pennsylvania and Massachusetts, and will share his experience with the audience.
Mike Hanson, Bayberry Capital
Mike Hanson is well respected in the world of film finance. He will discuss prefunding credits, as well as gap financing in this economic climate.
John Genz, Amper, Politziner, and Mattia
John Genz has led the effort to establish Agreed upon Procedures as the preferred method of review with respect to film tax credits. He will discuss how production companies can maximize their film tax incentive s, and ensure a smooth approval process with the state.
Tom Selz – Frankfurt Kurnit Klein & Selz PC
Attorney Tom Selz is a national authority on “181 ” transactions, and will share important information about how an investor can take advantage of the 181 federal deductions.
Ray Carballada – President of Shooters Post & Transfer and DIVE
Ray Carballada , president of a rapidly-growing post facility in Philadelphia, will describe how the PA film tax credit significantly impacted his business. Ray is spear-heading a lobbying effort of several Pennsylvania based companies working to ensure that the PA film tax credit program remains intact.
Please RSVP by following this link and filling out the registration form. If for some reason the link is not working, please copy and paste the following into your web browser (http://www.taxcreditsllc.com/Seminar_RSVP.aspx ) .
Posted 5 April, 2009 in NM News
Posted 5 April, 2009 in NM News
http://news.bbc.co.uk/2/hi/entertainment/7979381.stm
