Posted 21 January, 2010 in FilmUSA
From The Incentives Office
FLORIDA ALERT
Legislation has been introduced in Florida that would convert their current refundable credit to a transferable tax credit, which can’t be used until 2012. The credit will equal 20% of the qualified Florida spend, plus 5% for shooting during hurricane season, and 5% for family-friendly production. $75 million per year will be available. Cast and crew must be Florida residents to qualify, and all goods and services must be purchased from a Florida vendor.
IOWA R.I.P.
A panel of legislators appointed by the Governor has recommended total elimination of the film tax credit program.
NY STATE INCENTIVES
Governor Paterson has increased the proposed allocation from $350 million to $429 million per year starting in tax year 2010, with an increase in the percentage or number of shooting days that must be shot at a qualified facility, and the imposition of other restrictions to the program. The budget has not been passed, but will be voted on during the current legislative session.
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