Posted 3 August, 2008 in NC News
Governor Mike Easley recently signed HB 2436, which expanded the North Carolina film production tax credit. Qualified expenses now include (1) up to $1,000,000 paid to highly compensated individuals and (2) the cost of production-related insurance coverage obtained on the production, except for insurance purchased from a related member. The production must also file an Intent to Film form with the North Carolina Film Office, as well as acknowledge in its production credits both the North Carolina Film Office and the regional film office responsible for the geographic area in which the filming occurred. Lastly, the sunset date for the film credit is extended to January 1, 2014.
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