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 Memphis & Shelby County Film and Television Commission introduced two pilot initiatives – the Memphis Production Incentive Program and the Shelby County Production Crew Workforce Development Program – at a statewide entertainment industry event this month. The Memphis pilot program will be the city’s first-ever cash refund production incentive. (See Memphis Business Journal)
As of November 13, the state began offering incentives for film, TV, and video game scoring projects produced in Tennessee. The new incentive program will give 25% rebates for scoring projects that spend at least $50K in the Nashville area or at least $25K in other parts of the state. The rebate includes musicians, producers, engineers, recording studios, instrument rentals, hardware, conductors, composers, catering, and travel. (See The Tennessean)
For more information on incentives around the world, visit our website and click on the country of interest.
CANADA – Nova Scotia
Nova Scotia increased its film production incentive by $6M to $26M. The fund provides between 25% and 32% of eligible costs such as labor, goods, and services purchased from a Nova Scotia-based supplier. (See The Saskatoon Star Phoenix)
India is planning to offer federal tax incentives and investment to international co-productions to make the country a more financially attractive destination for films and TV series. While the plans are still in early stages, the aim is to have a document ready by May, to be announced during Cannes 2019. (See Variety)
The Lithuanian government is increasing its film and TV production incentive to 30% beginning January 2019. The Lithuanian Film Tax Incentive came into effect in 2014 as a new policy measure to foster local and foreign film production in the country. The incentive is available for the production of feature films, TV dramas, documentaries, and animated films. At least 80% of eligible film production costs must be incurred in Lithuania and the total amount of local eligible spend must be at least €43K (approx. $49K).
The Taipei Film Commission is set to make international access to its production incentives scheme easier. The thresholds for access will be scrapped, and the existing subsidy system will be replaced with an investment scheme. The changes were announced at AFM earlier this month. (See Variety)
EP Locations Spotlight
EP 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.
Canada’s province of British Columbia is one of the most popular areas in North America for film and television production. Miles of Pacific coastline, modern cities, deep forests, and craggy peaks make it one of the most picturesque regions in the world. Producers are also attracted by the favorable (for U.S. spenders) exchange rate between the greenback and the looney, and by British Columbia’s 28% refundable tax credit.
The minimum spend per film required to qualify for the incentive is CAN$1M, or about US$763K. For TV projects, the minimum spend ranges from CAN$100K to CAN$200K (about US$76K to US$152K).
No territory in the Caribbean offers as many production amenities as the Dominican Republic. In addition to its tropical beauty, the country is host to a Pinewood production facility built in 2011, complete with soundstages, bluescreen capabilities, and an eight-acre tank for water effects. This comes on top of an incentive of 25%.
The incentive takes the form of a 25% transferrable tax credit on all eligible expenditures in the Dominican Republic. It covers both resident and non-resident labor. In addition, it includes a value-added tax exemption on all eligible goods and services. There are no project caps.
The minimum spend required is $500K, and the sunset date is set at June, 2021. The country also offers up-front monetization solutions, which are outlined in the language of the incentive.
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.