Posted 30 November, 2009 in PA News
Information provided by Cast & Crew:
The statewide cap for the Pennsylvania tax credit has been reduced from $75 million per year to $42 million for the fiscal year ended 6/30/2010 and $60 million for the fiscal year ended 6/30/2011.
Posted 30 November, 2009 in DC News
Information provided by Cast & Crew:
Earn a rebate of 42% on qualified production expenditures that are subject to taxation in DC; 21% on qualified expenditures not subject to taxation in DC; 30% on qualified personnel expenditures (below-the-line DC residents); and, 50% of qualified job training expenditures. To qualify, the production company must spend at least $250,000 in DC for the development, preproduction, production, or postproduction of a qualified production; file an application and enter into an agreement with the Mayor; and, not be delinquent in any tax obligation owed to DC. There is no cap on the program nor is there a per project cap. However, the rebate is subject to the availability of funds and projects will be approved on a case by case basis. Although this bill has been signed by the Mayor, it must be approved by Congress before becoming law. Congress has until November 15 to enact the legislation.
Posted 29 November, 2009 in MI News
(as advised by Incentives Office)
The Michigan Department of Treasury has advised producers to anticipate up to a 60 day wait to receive their Post-Production Certificates; previously, producers assumed that applications submitted prior to December 15 would be OK. (The Post Production Certificate may not be requested until the CPA audit has been completed and filed). This could be quite costly to producers, as the Certificate must be filed along with a tax return when requesting a rebate. If a Post-Production Certificate is not approved by December 31 (and if the parent company operates on a calendar year), then the rebate will not be processed until 2011.
A number of producers are in Michigan negotiating with Treasury, as they have projects that will wrap in December. A few solutions have been suggested, and we will keep you updated.
Proposed legislation (HB838) reducing the refundable tax credit rebate (actually a transferable tax credit) from 42% to 39% for ATL and resident hires in core communities, and materials purchased in core communities; 37% for resident hires, ATL and materials in non-core communities; non-resident hires would remain at 30%. Salaries would be capped at $1 million per hire. Favorable film testimony was heard today in Lansing, the state capitol. Should this legislation pass and become law, it will not apply to Applications approved prior to the date the law takes effect.
Posted 29 November, 2009 in HI News
HAWAII (as advised by Incentives Office – advises that they have not shuttered the Hawaii Film Office, (”HFO”) but they have substantially reduced the HFO staff. In addition, the Film Commissioner, Donne Dawson is leaving. Staff from the Creative Industries Division — of which the HFO is a branch — will take over most of the responsibilities.
Posted 29 November, 2009 in IA News
IOWA (as advised by Incentives Office) – has lifted its suspension of the Film Promotion Tax Credit Program, but only for projects previously submitted by producers. This includes the 28 films that have received contracts, plus an additional 105 films that have applied. No new applications will be accepted until after the Governor and legislature have had a chance to evaluate the program. Tom Miller, the attorney general, stated the formula used for awarding the tax credits was not properly administered, and the rate was never 50%. More details to follow.
Posted 29 November, 2009 in OH News
OHIO (as advised by Incentives Office) – A number of producers have inquired about the Ohio film incentive. While the legislature did pass an incentives program, it was never funded.
Posted 29 November, 2009 in LA News
LOUISIANA (as advised by Incentives Office) – the state is now offering to purchase certified film tax credits at 85 cents; as a result, producers are reporting that banks and other lenders are able to advance at higher rates. Louisiana has no caps on talent or per production and is poised for a banner 2010 with TNT’s series “Delta Blues,” “The Green Lantern,” “Drive Angry,” “Black Butterfly,” and another season of HBO’s “True Blood” all planned to shoot in the state. The newest stage, Second Line Studios, plans to open in New Orleans in January 2010.
Posted 25 November, 2009 in FilmUSA
Please check out the following link for comprehensive information on runaway productions as gathered by Adrian McDonald.
http://www.stop-runaway-production.com/
Posted 24 November, 2009 in LA News
SHREVEPORT, LA (WAFB) – On the heels of all the latest movie productions in the Shreveport-Bossier area, city leaders are happy to announce the first ever film trail in the state of Louisiana.
Film buffs and visitors will be able to get a first-hand look at the sights and scenes where movies were filmed in the two cities.
In total, there are 21 stops on the newly announced tour.
Officials hope this tour will enhance the popularity of film production in the two cities.
“Today, we have 13 movie/TV projects to date this year, $95 million in total budgets this year and 13,015 hotel and motel room nights booked,” said Arlena Acree with the Louisiana Film Commission.
The first stop on the tour is the location where parts of the new movie, “Beyond a Reasonable Doubt” were filmed.
Posted 24 November, 2009 in MA News
http://www.patriotledger.com/entertainment/x1800826511/-550-million-construction-loan-green-lit-for-Plymouth-Rock-Studios
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