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Movie Production Incentives (MPIs): "Movie Production Incentive" is any incentive states offer filmmakers to encourage film production in-state. [6] Tax Credits: Tax credits can remove a portion of the income tax owed to the state by the production company, but since most production companies are limited purpose business entities they often ...
Empire State Development CEO Hope Knight defended state incentives like the Film Production Tax Credit even after a damning independent analysis found the nearly $700 million yearly expense to the ...
California's film and TV tax credit program was established in 2009 as a way to prevent film and TV production from fleeing to other states. Back then, the credit was restricted to $100 million ...
Over the last six years, New Jersey has become a top destination for film, television and, most recently, reality program production. The state’s Film and Digital Media Tax Credit Program ...
States like New York and Georgia are gaining share of the TV and film market, thanks to their own tax incentive programs, according to a 2021 report from FilmLA, a nonprofit organization helping ...
The tax credit was expanded again during the state budget negotiations in summer 2016. $65 million will be available for fiscal year 2017-18. [6] The tax credit brought the production of Zack and Miri Make a Porno, The Road, Shelter, Shannon's Rainbow, Sorority Row, and She's Out of My League to the Pittsburgh region in 2008 and 2009. [7]
The legislation also scales back the use of tax credits against the state’s corporation franchise tax, targeting incentives like those for recycling equipment and donations to public schools.
A Great Awakening: The Sight & Sound feature film, currently in production in the City of Philadelphia and Lancaster County, received $2,607,037 in tax credits. The Pennsylvania-based production ...