Updates by Jurisdiction
For more information on incentives in each state, visit the Production Incentives map on our website and click on the state of interest.
The New Mexico Taxation and Revenue Department announced that by the end of this month, it will have paid out nearly $100M for about 100 film and TV shows produced over the past several years. The department also said another $95M will be made available to be paid out during the upcoming fiscal year. (See Albuquerque Business Journal)
This year’s Texas Legislature put $50M into the Texas Moving Image Industry Incentive Program for the next biennium, up from $32M allocated two years ago. (See Austin Business Journal)
For more information on incentives around the world, visit our website and click on the country of interest.
Colombia is expanding its location shoot incentives to include international television series. Currently foreign production companies of feature films and TV movies can receive a 40% cash rebate on local qualified film spend and a 20% cash rebate on logistical expenses such as hotels, catering, and transportation. (See Variety)
Fiji will increase its film tax rebate from 47% to 75% and will be based on the expenditure incurred in Fiji and paid to Fiji resident companies for goods and services. The maximum rebate payable per approved final certificate will not be more than F$15M (approx. US$6.9M). A 200% tax deduction will be available to companies investing in camera and other filming equipment for audio visual production. (See Indian News Link)
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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