Congress has Approved DC ’s Production Incentive Program.

Posted 1 February, 2010 in DC News

Congress has approved DC ’s production incentive program. The program provides for a rebate equal to: 42% of the production’s qualified production expenditures (which includes above-the-line resident and nonresident earnings) that are subject to taxation in the District; 21% of the company’s qualified production expenditures that are not subject to taxation in the District; 30% of below-the-line resident’s wages that are subject to taxation in the District; and, 50% of the company’s qualified job training expenditures. To qualify for the incentive, the production company must; spend at least $250,000 in DC for development, pre-production, production, or post-production; file an application with the Mayor; enter into an incentive agreement; and, not be delinquent in a tax or other obligation owed to the District.
For more information visit http://www.castandcrew.com/DC_B_583_Enacted_010410.pdf

DISTRICT OF COLUMBIA update

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.