25-35%

25-35%

15%

15%

$250K (tax credit); None (grant)

None

First $1M counts as qualifying spend

50% on principal photography

15% of qualified expenditures. Qualified expenditures include goods and services leased and purchased in Virginia in connection with an eligible production filmed in Virginia.

• 5% tax credit if filming in an economically distressed area.
• 10-20% tax credit on payroll for VA residents.
• 10% tax credit for each first-time film industry employee.

$6.5M (tax credit); $3M (grant)

January 1, 2027

Yes

Yes

Yes

• Individual: Not Required
• Loan-out: Not Required

Production must be fully funded with a multi-market distribution contract.

Applications must be approved before start of principal photography.

Must go into pre-production within 90 days of approval.