Cast & Crew Financial Servicesoffers both U.S. and Canadian production incentive management services from setup to audit, as well as production incentive financing.
Effective February 15, 2018, House Bill 366proposes to instruct the Kentucky film office not to accept any new applications for film tax credits or make any preliminary approvals until on or after July 1, 2020.
House Bill 585 proposes to amend the motion picture or entertainment production tax credit program as follows:
Increases the film incentive on listed expenses to 40% when incurred during filming or production in an enhanced incentive county; and, reduces the film incentive on listed expenses to 15% when incurred during filming or production in any county other than in an enhanced incentive county.Listed expenses include:
Spend;
Payroll expenditures paid to resident and nonresident below-the-line production crew; and,
The first $1 million of payroll expenditures paid to above-the-line resident and nonresident workers.
If approved, this Act shall apply to taxable years beginning on or after January 1, 2018.
House Bill 599 proposes to suspend the acceptance and approval of any eligible project applying for the Kentucky film tax credits beginning February 15, 2018 and until July 1, 2020.
