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CNY Short Film Competition 2019

Innovation Group of CNY Arts has announced the CNY Short Film Competition 2019. The competition is designed to encourage regional film-making and build a media-making community in the Greater Syracuse Area. From screenplay to production, four short films (15 minutes or less) will be funded up to a total of $40K each. Finalists will be mentored by professional filmmakers in script development, casting, directing, production design, lighting, sound, and editing. All finalists are required to fulfill their production, and part of pre-production and post-production in Central New York.


Updates by Jurisdiction

U.S. Updates

For more information on incentives in each state, visit the Production Incentives map on our website and click on the state of interest.

MISSISSIPPI
SB 2603 has been enacted. The bill revises the definition of “base investment” to include wages and fringes paid to non-resident employees, whose wages are subject to Mississippi state income taxes, up to the first $5M, provided that certain requirements are met.

MONTANA
HB 293 has been sent to the governor for signature. The bill would establish a 20-35% transferable tax credit on qualified expenditures in film, TV, and related media productions that have a minimum spend of $350K ($50K for certain low-budget productions). The bill also includes a 25-30% post-production tax credit and gives the program an annual cap of $10M.

NEW MEXICO
SB 2 has been enacted, amending various aspects of the film production tax credit act. These amendments include increasing the annual cap from $50M to $110M, allowing additional amounts for TV pilots and series with expenditures made in certain areas of the state, and authorizing payments on previously approved film tax credits.

NEW YORK
AB 2009/SB 1509c, which extends the sunset date from December 31, 2022 to December 31, 2024, has been enacted.


International Updates

For more information on incentives around the world, visit our website and click on the country of interest.

AUSTRALIA
The Australian Government has confirmed that television series and mini-series distributed through online platforms (e.g., Netflix, Hulu, Amazon Prime, Stan) will now be eligible for the Australian Location and Post, Digital and VFX (PDV) refundable tax offsets if they meet the other eligibility requirements.


EP Locations Spotlight

Entertainment Partners is a primary contributor to Variety‘s “Artisans” Feature, spotlighting various filming locations around the world. Here are the locations we have covered in recent weeks.

ITALY
With its long Mediterranean coastline and temperate seasonal climates, Italy offers multiple advantages for filmmakers. They’re also drawn to the country by its plethora of historical and picturesque cities (Rome, Venice, Naples, Milan), its classic countryside vistas (Tuscany, the Dolomites, Sicily) and, last but not least, the nation’s 30% tax credit.

That credit has a ceiling of €20M (about US$22.6M) per company. The tax credit is based on production expenses incurred in Italy. Italian eligible production costs cannot exceed 75% of a project’s total budget.

NEVADA
The Las Vegas strip with its glamorous casinos, spectacular shows and throngs of merrymaking tourists is iconic in the American imagination. But there is more in Las Vegas – and in Nevada – for producers. Filmmakers who travel to the state will find locations that include stunning rock formations, abandoned mining towns and motels that suggest “Psycho”-esque mystery and evil. Add to that Nevada’s 15% transferable tax credit for all cumulative qualified production costs, as well as bonuses for qualifying productions, and you’ll get a plum shooting destination.

Specifically, Nevada offers a 15% incentive for above-the-line resident labor and 12% for nonresident labor. For below-the-line labor the incentive is also 15%, but there’s no incentive for below-the-line nonresident labor. A 5% bonus is triggered if more than 50% of the filming days occur in certain rural counties.

Trinidad and Tobago
A dual-island Caribbean nation that fits fulfills the all visual requirements of a tropical paradise, Trinidad and Tobago offers a striking variety of shooting locales ranging from azure waters, white sands, thick jungle, sprawling savannahs and – on the urban side – bustling cities. Though the islands have predominantly housed local films, they are now enticing international producers with an up to a 35% cash rebate on qualified local expenditures, as well as an additional 20% cash rebate for local labor costs.

The Trinidad and Tobago program gives 12.5% cash back on qualifying expenses for budgets ranging from $100,000 to $499,999. For projects with budgets ranging from $500,000 to $999,999, the cash-back incentive rises to 15%. And if a project has a budget over $1,000,000, the amount of the incentive rises to 35% cash back.


DISCLAIMER: These materials have been prepared by Entertainment Partners for informational purposes only and should not be construed as tax advice or relied on for specific projects. Though every effort has been made to remain current, laws and incentives change and therefore this information may have been revised. Please contact your legal or tax advisors to confirm any laws or the effect of incentives on your project. For updates and more information, please visit our website at productionincentives.com.

Providing links to other sites shall not be construed as an endorsement by Entertainment Partners of the linked websites or the opinions expressed on such websites.

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