New Jersey
Film Office of the Atlantic City Convention & Visitors Authority
New Jersey Motion Picture/TV Commission
THE 20-PER-CENT SOLUTION
Production companies looking to save money should look to New Jersey first. The state offers an array of attractive financial incentives, including the newly created 20% tax credit. This tax credit is available to producers who spend 60% of their budgets in New Jersey, exclusive of post-production costs. The credit is saleable and transferable, and may be carried over to subsequent tax years.
New Jersey continues to offer a loan guarantee program administered by the New Jersey Economic Development Authority. Under this program, the NJEDA will guarantee up to 30% of a bank loan used to finance a motion picture or television program, up to $1.5 million. Filmmakers, in order to qualify, must shoot 70% of their projects in the Garden State. They are also required to spend 50% of their below-the-line budgets here.
Lastly, producers can avail themselves of a special exemption from New Jersey’s 7% sales tax, when purchasing or renting certain tangible property used directly and primarily in the production of film and television programs. This includes, but is not limited to, the procurement of camera and lighting equipment, hardware, lumber, picture cars and other materials and services.
New Mexico
Las Cruces Film Commission
Luna County Film Office
New Mexico State Film Office
25% FILM PRODUCTION TAX REBATE
25% tax rebate on all production expenditures, including New Mexico labor, that are subject to taxation by the State of New Mexico. This is a refund, not a credit! There is no minimum spend required and no cap.
FILM INVESTMENT LOAN for up to $15 million per project – with participation in lieu of interest. Terms are negotiated and budget must be at least $2 million.
FILM CREW ADVANCEMENT PROGRAM (FCAP)
A 50% wage reimbursement for on-the-job training of New Mexico residents in advanced below-the-line crew positions.
NO STATE SALES TAX
(Not to be used in conjunction with the 25% tax rebate) An NTTC certificate is presented at the point of sale, and no gross receipts tax (sales tax) is charged. Used primarily for commercials and PSAs
Otero County Film Office
State of New Mexico Film Incentive Program
Rio Rancho Convention & Visitors Bureau
New York
Buffalo Niagara Film Commission
Four Ways To Save
* Empire State Film Production Credit
30% fully-refundable tax credit on
qualified expenses while filming in New York State
* Commercial Production Tax Credits
Refundable tax credits available for qualified commercials with added incentives for companies increasing volume of work in New York
* Sales Tax Exemptions
Film production activities/expenses that are exempt
from New York State and local sales and use taxes
* Investment Tax Credit
Up to 5% tax credit on investments in construction and upgrades to qualified film production facilities
PLUS Employment Incentive Tax Credits for 2 additional years
New York State Governor’s Office for Motion Picture & TV Development
New York just keeps getting better! Our New York State Film Production Credit Program is now 30%, which means you save 30% off qualifying expenses when you film anywhere in New York State. You can also save an additional 5% when you film in the 5 boroughs of New York City. New York State also offers a Commercial incentive which can save you 5% to 25%. Additionally, throughout the State, New York provides a comprehensive sales tax exemption for machinery, equipment, and services used in production and postproduction. Still more savings in New York City where they provide free permits, parking for essential production vehicles and police officers while on location.
Rochester/Finger Lakes Film & Video Office, Inc.
SAVINGS: 30 % EMPIRE STATE FILM PRODUCTION CREDIT PROGRAM and SALES TAX EXEMPTION. SERVICE: extensive digital image library; complimentary location scout services; comprehensive liaison, research and production facilitation services.
ADVANTAGE: 2 stages over 7,000 SF. Large crew base; low cost, cooperative local government; free or nominal cost permits–few permits required; beautiful, diverse locations–lush and abundant parks, waterways and waterfalls, quaint harbor towns, picturesque farms and villages, Americana towns and mid-size cities.
- filmrochester.org
- On line Production Directory and Digital Location …
North Carolina
Eastern North Carolina Film Commission
Short story: A production company spending at least $250,000 in North Carolina on a motion picture or television production is eligible to receive a refundable tax credit of up to 15% on in-state spending for goods, services and labor.
For a complete description of the film incentives and benefits offered by North Carolina, please visit the following URL:
http://www.ncfilm.com/_userfiles/File/Film%20Incentive%20Documents/NC%20Film%20Incentives%203-31-06.pdf
North Carolina Film Office
On August 8, 2006, Gov. Mike Easley signed into law legislation that provides for a full 15% tax credit on productions $250,000 and over, and not exceeding
a credit per-project of $7.5 million. Also, filmmakers pay only 1% Sales & Use Tax on all production-related items purchased.
Ohio
Greater Cleveland Film Commission
The state of Ohio allocates $10 million in Fiscal year 2010 and $20 million in Fiscal Year 2011 to provide a refundable credit for film, television and other media production in Ohio. Through the Film Production Incentive, film productions that spend at least $300,000 in Ohio would receive a tax credit of 25% of its Ohio expenditures, up to a maximum of $5 million per production. Those same productions receive a 35% refund for in-state labor.