Cast & Crew Financial Servicesoffers both U.S. and Canadian production incentive management services from setup to audit, as well as production incentive financing.
Senate Bill 257 proposes to amend the New Mexico film production tax credit program by increasing the annual funding cap from $50 million to $60 million per fiscal year (July 1-June 30).
If approved, the Act shall apply to fiscal year 2019 and subsequent fiscal years.
House Bill 1288 proposes to provide a sales and use tax rebate for motion pictures, documentaries, commercials, and television films. The provisions of the tax refund/credits are as follows:
Beginning after July 1, 2018 thru 36 months from the effective date of the bill:
Incur at least $50,000-$199,000 or $200,000 or more in taxable costs for a refund equal to 75% or 100%, respectively, of taxes attributed to the taxable project costs; and,
Apply for and obtain a permit from the Department of Revenue 30 days prior to the start of production.
House Bill 2147 and
Senate Bill 2709 propose to amend the film incentive grant program by allowing an additional 5% to be earned by a production company meeting one of the following requirements:
Shoots at least 25% of the project's filming days in an underutilized and economically distressed area;
Tells a story that includes Tennessee in most of its storyline; or,
Uses Tennessee musicians for the project's music, score and/or music track recording.
If approved, the Act shall take effect immediately.
Senate Bill 2236 proposes to add computer-generated imagery, interactive digital media, and stand-alone post-production scoring and editing to the definition of a 'state-certified production'.
If approved, the Act shall take effect beginning July 1, 2018.
Senate Bill 6584 proposes to strike the phrase "giving preference to additional seasons of television series that have previously qualified" as one of the criteria for approving projects for the Motion Picture Competitiveness Program.
