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NEWSLETTER - January 13, 2012
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Year in Review
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What's New
The Essential Guide to U.S. and International Production Incentives 2011, 2nd Edition
, is now available.
Contact our Incentive Solutions Group today to order a copy at no charge
.
Did You Know?
While EP is known for being the experts in the field of domestic and international film incentives, did you know that we can also place your tax credits (for all states that offer transferable tax credits) and finance production incentives? In addition, we can administer the entire incentive process for you -- from application to monetization.
For more information on the placement of tax credits, the financing of incentives, and/or EPPS Purchasing, contact Marco Cordova at 818.955.6278 or
mcordova@entertainmentpartners.com
.
Year in Review
U.S. Jurisdictions
For more information on incentives in each state, visit the
U.S. Overview
on our website and click on the state of interest.
Being that it's the beginning of a new year, we're taking this opportunity to make this Updates section a 2011 year-in-review.
Our summary of state updates has been grouped into the following categories:
Top-Tier States
Well Established States
Increasingly Active States
States with New Requirements
Headline States
New Legislation
Incentive Sunsets
Pending Legislation/Fundraising
Hopeful New Programs
Top-Tier States
Let's start with our top-tier states -- the ones that have incentive programs with proven track records, solid infrastructures, and thriving film communities
FLORIDA
Welcome to Florida's new Interim Film Commissioner, Shari Kerrigan.
Thanks to their 20%-30% transferable tax credit, Florida was very busy this past year. In fact, last summer they hosted the largest feature ever shot in the state -- the Tom Cruise musical,
Rock of Ages
. As of mid-September, the fiscal year 2010-2011 had brought in 343 applications, of which 150 projects were certified and 58 projects were started and completed.
Legislative changes in 2011 included an additional $12,000,000 in tax credit allocations to be spread across the previous three years of the program (which sunsets June 30, 2015), resulting in $254,000,000 total for the 5-year program (of which they currently have a little less than $40,000,000 available).
Also note that television series and pilots are no longer eligible because of a 25% cap imposed on the amount of tax credits that can be awarded to television productions after July 1, 2010. Further legislation is being proposed to amend this provision.
GEORGIA
With its 20%-30% transferable tax credit, the state remains busy. Films that have shot in Georgia this past year, to name a few, have included:
Footloose
,
The Three Stooges
,
Fast Five
, and
X-Men: First Class
.
The Georgia Department of Economic Development Film, Music & Digital Entertainment Division recently released proposed amendments to the incentive program's rules and regulations that clarify some definitions, add video games to the type of productions eligible to apply, and changes the requirement of submitting an application not earlier than 90 days prior to the start of principal photography to not earlier than 90 days prior to the
scheduled
start of principal photography. Comments were due by December 15, 2011.
The market for selling transferable tax credits in Georgia is starting to improve. The credits continue to sell, but pricing depends on supply and demand; the time of the year when credits become available to buyers and studio vs. independent films. They're currently selling in the low- to mid-80¢.
Going forward, any production placing their Georgia film tax credits through Entertainment Partners' tax credit placement services must apply for the Georgia Department of Revenue's voluntary film tax credit verification program. Certain exceptions may apply to those clients already committed to sell their Georgia tax credits through one of EP's exclusive Georgia tax credit buyers.
Effective January 1, 2012, the Georgia Department of Revenue begins offering producers a review and verification of transactions that are eligible for the Georgia Film Tax Credit. This is a voluntary program, and verification reviews will be done on a first come, first served basis for a fee of $55/hour per auditor. The Department of Revenue will also require a deposit fee, ranging from $5,000 to $20,000 per application based on estimated production costs.
Additional information regarding the Georgia Department of Revenue's voluntary film tax credit verification program and application form can be found
here
.
LOUISIANA
With its 30%-35% transferable tax credit, Louisiana accepted more than 130 applications for its incentive program in 2011 and hosted more than 100 film and TV projects for the second year in a row.
While the state remains busy, the Louisiana Film Office continues to focus on the qualification of vendors.
Based on recently published guidelines, applications filed after October 1, 2011 are now subject to the new related-party rules which state that related-party producer fees are limited to 12% of the total Louisiana production expense or $3,000,000, whichever is smaller. In addition, related-party transactions must be supported by three competitive bids to substantiate that the fees being submitted are fair market value.
MASSACHUSETTS
This is another strong program that offers a 25% transferable or refundable credit (at 90¢), a minimum spend of $50,000, and no caps.
NEW YORK
With its 30% refundable tax credits, New York is also very busy. In 2011, applications to film were up 66% over the previous year and core production jobs were up to 43,000, up 22% from 2010.
In addition to their 30% refundable credit, New York State also offers a 10% post production credit, which comes out of a $7,000,000 fund set aside for qualified post expenditures. During EP's recent webinar on post production incentives, we learned that efforts are being made to increase this incentive.
On November 30, the Bureau of Labor Statistics released analysis establishing that tax credits boost jobs and investment in New York. For more information on this report, see
this article
at the Screen Actors Guild website.
NORTH CAROLINA
North Carolina had their best year in the history of their state's film industry with production expenditures topping $220,000,000. Their solid infrastructure and a 25% refundable tax credit with a $20,000,000 cap per project (and no annual cap) has attracted productions like
Iron Man 3
,
Hornet's Nest
,
The Hunger Games
, and
Homeland
.
PENNSYLVANIA
This is a strong program with a $60,000,000 annual fund and a 25% transferable tax credit. The minimum qualified spend must be at least 60% of the budget.
Well Established States
Then there are the steady-as-you-go states, the ones that may not have the largest incentive programs but are known as well-established production centers with solid infrastructures.
HAWAII
Offering a 15%-20% refundable tax credit, Hawaii has had a successful 2011 with production of the police drama
Hawaii Five-0
, as well as the features
Pirates of the Caribbean: On Stranger Tides
,
Rise of the Planet of the Apes
,
Just Go with It
,
The Descendants
, and
Battleship
.
Legislation had been proposed to increase the refundable tax credit of 15%-20% to 40%, and while it didn't pass, there's talk of reintroducing the legislation.
ILLINOIS
The state offers a 30% transferable tax credit, and Chicago is a major production hub with a strong, highly-skilled crew base. The sunset date of their state incentive program has been extended for 10 years through 2021. After the initial 10-year sunset, the General Assembly may extend the sunset by 5-year intervals.
MARYLAND
Legislation has been enacted that converted the film production rebate program into a refundable tax credit. The tax credit is equal to 25% of eligible expenditures for all qualified productions except TV series, which will earn 27%. The minimum spend requirement remains at $500,000; the statewide cap has been increased from $1,000,000 per fiscal year to $7,500,000 (unused funds will roll to the next year). This new program took effect July 1, 2011.
Currently, the state has $2,100,000 in remaining funds.
UTAH
Offering a 25% refundable tax credit or cash rebate, they have approximately $6,000,000 left, depending on the outcome of two pictures. $6,800,000 will be added to the fund on July 1, 2012.
Increasingly Active States
Here are some states that have been attracting new productions:
ALABAMA
This past year, Governor Robert Bentley signed an amendment to the state's incentive program upping the already 25% refundable tax credit to 35% for payroll wages paid to Alabama residents. In addition, television series can now be considered as one aggregated project for every 12-month period they shoot and produce in Alabama.
ALASKA
The state offers up to 44% transferable tax credit. In addition to shows such as Discovery Channel's
Deadliest Catch
and History Channel's
Ice Road Truckers
, they recently hosted a Universal feature called
Big Miracle
as well as the John Cusack/Nicolas Cage feature,
The Frozen Ground
.
A bill that unanimously passed the Alaska Senate extends the state incentive program until 2023 and adds an extra $200,000,000 to the current $100,000,000 program. It is currently awaiting approval from the state's House Finance Committee, which will vote on the bill this year.
MISSISSIPPI
With the state now known as the location of the popular film,
The Help
, Governor Haley Barbour signed legislation this past year increasing the cash rebate incentive program by 5%, upping it to a 25% cash rebate on local spend and non-resident labor, with an additional 5% on local hires. The minimum spend for the program was raised to $50,000, with the per project cap remaining at $8,000,000 and the annual cap remaining at $20,000,000.
The state also now offers the new and improved Mississippi Film Studios (MFS) in Canton. The facility sits on 31 acres and includes a 36,000 square feet, 40-foot high stage.
OHIO
With a 25%-35% refundable tax credit, Ohio has been attracting productions like George Clooney's
Ides of March
and Marvel's
Avengers
. The state's film office made $30,000,000 in tax credits available for fiscal years 2010 and 2011. But as the cap of $10,000,000 for the fiscal year ending June 30, 2012 has already been allotted, there's talk of proposing legislation that would raise the yearly fund. (See
cleveland.com
.)
VIRGINIA
Steven Spielberg's
Lincoln
is estimated to have a $35,000,000 economic impact on Virginia.
The state offers a cash rebate in addition to a 15%-20% refundable tax credit (with bonuses for local and first-time hires). The amount of funding awarded to a project is based on the number of Virginia workers hired and the amount of Virginia-based goods and services procured.
The Governor's Motion Picture Opportunity Fund has a yearly budget of $4,000,000, and the state's first refundable tax credit program has a budget of $2,500,000. Productions are also exempt from paying state sales tax.
States with New Requirements
Programs that have new restrictions include:
CONNECTICUT
Along with their 10%-30% transferable tax credits, Connecticut has imposed new restrictions to their program. To qualify for the CT incentive, productions must now conduct either no less than 50% of their principal photography within the state, spend no less than 50% of post production costs, or spend at least $1,000,000 of post production.
In addition, for income years beginning on or after January 1, 2012, a production company may not transfer more than 25% of the film production tax credit in any one income year. However, any production that is created in whole or in significant part (yet to be defined) at a "qualified production facility" within the state will not be subject to the transfer limitations.
MICHIGAN
After what was quite the roller coaster ride for Michigan this past year, the much anticipated new legislation (SB 569) was signed into law by Governor Rick Snyder on December 21, 2011. The newly created Michigan Film & Digital Media Production Assistance Program, funded at $25,000,000 for the fiscal year ending September 30, 2012, is a grant-based program that will be administered by the Michigan Film Office.
The program will reimburse eligible productions for qualified expenditures at varying percentages that range up to 32%, but decrease slightly in subsequent years. Additionally, productions may earn an additional rebate of 3% on qualified expenditures made at a qualified facility. Wages and benefits eligible for the rebate would be limited to $2,000,000 for any one employee. Payments to all resident and non-resident producers will be capped at 10% and 5%, respectively, of direct production and qualified personnel expenditures.
Payments to pass-through companies will not be eligible, and the application fee is 0.2% of the funding requested with a $200 minimum and $5,000 maximum. Applications are available at
www.michiganfilmoffice.org
. The Michigan Film Office will begin accepting 2012 applications on Monday, January 9, 2012. The program is scheduled to sunset on September 30, 2017.
NEW MEXICO
This past October saw the opening of the new 65-acre Santa Fe Studios. The state now has five studios with 14 soundstages, more than 200 film-related businesses, and one of the largest local crew bases outside of Los Angeles and New York. However, fierce political debate left the state's 25% rebate in limbo early last year. Lawmakers and Governor Susana Martinez ultimately reached an agreement to keep the state's incentive, but capped it at $50,000,000 per year (opposed to the $65,000,000 paid in 2010). There are also new withholding requirements on loanouts and deferrals on tax credit payments, depending on the credit.
OREGON
With a cash rebate of 10-20%, Governor John Kitzhaber has signed a bill that extends the Oregon Production Investment Fund through December 31, 2017, but reduces the funding from $7,500,000 to $6,000,000 for fiscal year ending after June 30, 2013.
Headline States
Jurisdictions that have made headlines lately:
NEW JERSEY
Governor Chris Christie stirred up some controversy when he revoked the tax credit for
Jersey Shore
because he doesn't see it as being representative of the state.
The Governor had suspended the $10,000,000 yearly program that offers a 20% transferable tax credit for one year, but it was reinstated on July 1, 2011. There is proposed legislation that would increase the yearly fund to $50,000,000 in the fiscal year 2012 and for every fiscal year thereafter.
WEST VIRGINIA
The state made headlines when the Film Office denied tax credits to a reality series. There were concerns that the show would negatively portray the state's young male residents. The Film Industry Investment Act is clear: "Participation is prohibited for derogatory productions."
The state offers a maximum 31% transferable tax credit, and they currently have $7,000,000 of their $10,000,000 annual fund left. Last year, West Virginia hosted Paramount's production of
Super 8
.
New Legislation
Legislation that has passed or has been proposed to increase or extend incentive programs covers the following states:
CALIFORNIA
A bill was signed into law by Governor Jerry Brown to extend funding for California's Film & Television Tax Credit Program. The one-year, $100,000,000 extension ensures that the state's 20%-25% tax credit will be available to qualifying productions through the 2014-2015 fiscal year.
This program helped create a third-quarter spike of 15.4% in on-location filming in Los Angeles, and overall for the year, feature film production was up by 5.7% and TV production was up by 2.7%.
RHODE ISLAND
On June 30, 2011, Governor Lincoln Chafee signed a bill which along with other provisions, provided funding of $15,000,000 for the fiscal year ending June 30, 2012, for the Rhode Island Motion Picture Production Credit Program. The bill also provides for additional reporting requirements on the part of the production company. The state offers a 25% transferable tax credit.
Incentive Sunsets
Programs that have recently sunset:
U.S. Federal - Section 181
This was the Federal incentive that allowed individual investors or production entities to deduct up to $15,000,000 of production expenses as a loss as long as at least 75% of the total compensation was for services performed and paid in the U.S. Section 181 expired on December 31, 2011.
In order to be eligible for a project that is going to be completed in 2012, you must have been in pre-production by the end of this year to be grandfathered in. Additionally, you must have a completed screenplay, a completed budget, all of your investment documents in place, and must have shot at least one day of principal photography with at least one speaking role.
INDIANA
Their incentive program, which offered a 15% refundable tax credit, expired at the end of December. There is no pending legislation that would extend it.
Pending Legislation/Fundraising
Those we're also waiting to hear more about are:
MISSOURI
Last June, Governor Jay Nixon cut the Missouri Film Office's $175,000 per year funding to help balance the budget. This cutback closed the Missouri Film Office. The Missouri Department of Economic Development now oversees the administration of the 35% transferable tax credit, although legislation has been introduced that would eliminate this program. S 472 proposes that no film credits be authorized after August 28, 2012, and H 1101 proposes to end all state tax credits on December 31, 2012.
OKLAHOMA
Amid dwindling state revenues and the slashing of budgets, a legislative task force was assigned to evaluate all state tax incentive programs. Jill Simpson, the director of Oklahoma's Film and Music Office, defended Oklahoma's incentive program for filmmakers, which includes a cash rebate of 35%-37% on qualified expenditures made in Oklahoma. The program is capped at $5,000,000 annually. Simpson said, "It's small. It's fiscally responsible. It's generating revenue."
SOUTH CAROLINA
Likewise in South Carolina (SC), Governor Nikki Haley has requested an out-of-state consulting firm to do a cost-benefit analysis of all the state's film incentives. The state currently offers a 20%-30% cash rebate with eligible expenditures limited to SC vendors.
Hopeful New Programs
States that are working toward revitalizing their film industry by proposing new incentives and/or legislation include:
ARIZONA
While their incentive program sunsetted in 2010, lobbyists are working on new legislation.
COLORADO
Governor John Hickenlooper proposed adding $3,000,000 in film production incentives to the state's 2012-2013 fiscal year budget, but it will be an uphill challenge, as opposition is strong. Colorado currently offers a 10% cash rebate to productions that spend at least $250,000 and hire at least 25% of their workers from within the state. See
Denver Business Journal
.
MINNESOTA
Internal efforts are being made to revitalize the state's incentive program by making it competitive with other state programs.
NEW HAMPSHIRE
There's proposed legislation (H 1274) that would transfer the New Hampshire Film and Television Commission to the Department of Resources and Economic Development on July 1, 2012. The purpose of the commission (in part) shall be to promote economic development of the film and TV industry in the state, to promote the utilization of location sites by the film and TV industry in the state, to identify opportunities for activities related to the film and TV industries, and to recommend both long-range and short-term programs that will result in economic gain for the state.
International Jurisdictions
For more information on incentives around the world, visit
our website
and click on the region or country of interest.
AUSTRALIA - Federal
On November 29, 2011, the Post, Digital and Visual Effects offset was raised to 30% and the Locations offset was raised to 16.5%.
CANADA - Federal
Federal incentives remain the same, as do the incentives offered by the key provinces of British Columbia and Quebec.
CANADA - Alberta
The government of Alberta announced changes to their Multimedia Development Fund by offering funding of up to 30% of all eligible Alberta expenses.
CANADA - New Brunswick
The New Brunswick government announced a new Film & TV grant program to replace the previous Film & TV tax credit program. The program went into effect immediately.
The new grant is 25% of qualifying New Brunswick labour and non-labour expenditures.
CANADA - Ontario
The Ontario Media Development Corporation introduced a new tax incentive called the Ontario Production Services Tax Credit (OPSTC). The OPSTC requires applicants to be Ontario-based companies who file Ontario corporate tax returns. The incentive also requires the company to own the copyright or have a contract with the copyright owner to the eligible production. The tax credit of 25% is for qualified spend on a film or television program with no maximum limit. The minimum spend must be at least $1,000,000, except in the case of a pilot or a series consisting of two or more episodes. For pilots and series running 30 minutes or less, the minimum spend is $100,000, and it's $200,000 for shows over 30 minutes (Business Insider).
CZECH REPUBLIC
This program offers a 20% rebate on qualifying Czech spend and 10% on qualifying international spend. Eligible spend may not exceed 80% of a project's total budget. There is no sunset date.
DOMINICAN REPUBLIC
Offers a transferable tax credit with additional incentives for local content and related investments. The maximum benefit is 25% of qualifying local spend. The minimum local spend is $500,000. Foreign productions require a minimum participation of Dominican Republic nationals or residents (10% the first three years, 20% the next two years, and 25% in the sixth year of enactment). The Directorate General of Film can reduce the requirement if qualified Dominican residents/nationals are unavailable. There is no sunset date.
FRANCE
France has a refundable tax rebate with a maximum benefit of 20% of qualifying local spend (up to 80% of production or post production costs). Projects are capped at €4,000,000, and total public subsidies granted for one project are no more than 50% of the total budget. The minimum local spend is €1,000,000 (which is not applicable for animation or visual effects). There is a cultural test, and the program sunsets on December 31, 2012.
GERMANY
Germany offers a cash grant with a maximum benefit of 20% of qualifying local spend on up to 80% of total production costs. Qualifying projects must also pass a culture test and spend 20-25% (or €15,000,000) of the budget locally. Local minimum spend is €1,000,000. The project cap is €4,000,000 but can be raised to €10,000,000 for certain projects. The annual funding cap is €60,000,000. Projects are capped at €4,000,000 (€10,000,000 if the local spend is at least 35% of the budget or if at least two-thirds cultural characteristics are awarded). The program sunsets on December 31, 2012.
HUNGARY
Hungary offers a "sponsor" tax credit that combines Hungarian spend and foreign spend for a maximum benefit of 25%. Their cultural test requires 16 out of 32 points, and the program sunsets on December 31, 2013.
ITALY
Italy offers a maximum 25% tax credit on local spend as long as the production works through an Italian company and has an Italian executive producer. Projects are capped at €5,000,000 per year or 60% of the overall budget. There is a cultural test, and the program sunsets on December 31, 2013.
NEW ZEALAND
The Qualifying New Zealand Production Expenditure (QNZPE) threshold for feature films to qualify for the Screen Production Incentive Fund (SPIF) has been lowered from $4 million per production to $2,500,000.
UNITED KINGDOM
Prime Minister David Cameron has announced that film tax relief will be extended for four more years until the end of December 2015. It had been due to expire March next year.
In general, the UK incentive program states that if a "core expenditure" is not more than £20,000,000, an enhanced deduction of 100% may be claimed for a payable tax credit of 25% of UK qualifying spend. If the "core expenditure" is greater than £20,000,000, an enhanced deduction of 80% can be claimed for a payable tax credit of 20%. The project must be a certified "British" film (determined by completing a cultural test) or an official co-production. At least 25% of the "core expenditure" must be UK expenditures, and the film must be intended for theatrical release.
In addition, the UK's regional screen agencies (which were consolidated under government changes) have been replaced by Creative England, an organizational setup to support UK independent cinema. Creative England has set up a development fund and a film networks resource with lottery cash delegated by the British Film Institute to the tune of £400,000, or $625,450 (
The Hollywood Reporter
, December 5, 2011).
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EP Opens Office in Hoover, Alabama
EP and EPPS Purchasing, Inc., expanded into Alabama by opening an office at 571 Park Avenue in Hoover. Hoover was chosen because of its central location and proximity to Birmingham, but will also work for projects located in Mobile and Huntsville.
EP has been working closely with state officials to help bring in new projects and provide feedback regarding the current film tax credit program and current state infrastructure to support local filmmaking. Marco Cordova, Director of Business Development and Production Planning, spoke at the press conference marking the grand opening of EP's Alabama office. Others who attended include representatives from the Alabama Film Office, AIDT, and the City of Hoover. The following are a few of the articles that cover the grand opening:
Alabama now competitive for film projects, official said - al.com
Alabama rolling out tractor trailer to lure Hollywood - al.com
Ala. Officials Aims To Attract More Film Productions -
Governing
Magazine
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Joseph Chianese Moderates American Film Market (AFM) Conference Series Panel
EP was a proud co-sponsor of the AFM Conference Series which ran from Friday, November 4 to Tuesday, November 8, 2011. On November 4, Joseph Chianese led a panel on the current state of independent film financing and distribution. The session was entitled, "Global Infrastructure Opportunities and New Distribution Models." Joe said that several people, including a couple of his own panelists, had asked him what "infrastructure opportunities" were, and he explained that they included any financial incentive that attracts filmmakers and productions to specific countries/states/regions -- whether it's a source of funding, producer offset, or production incentive. It's anything that will help finance a film or slate of films.
Participating panelists included Leon Clarence (CEO of Motion Picture Capital, a Reliance Entertainment Company), Bill Fay (Former President of Production at Legendary Pictures), Mary Ann Hughes (VP of Film & Television Production Planning at The Walt Disney Company), Bill Johnson (Co-Founder & Partner of Inferno Entertainment), and Andrew Matthews (President of RKO Films).
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Webinar on Post Production Incentives
Joseph Chianese, Senior Vice President of Business Development and Production Planning, moderated the sixth webinar of the year sponsored by Entertainment Partners, Variety, LA411, the Producers Guild of America, and the Association of Film Commissioners International. The hour-long program included a year-in-review of domestic and international incentives and a discussion of post production incentives. Guest panelists discussed the impact incentives are having on their jobs and their businesses. The panelists included two post production executives: Andy Fraser (Vice President of Physical and Post Production at Morgan Creek Productions), and Ben Urquhart (Vice President of Post Production at Focus Features); and two post production providers: Marcelo Gandola (Sr. Vice President of Deluxe Creative Services) and Ray Scalice (Vice President & General Manager of Pixel Magic).
Incentive programs that include post production expenditures or stand-alone post incentive programs are becoming significant considerations when determining where to film and how to finance production.
Listen to an archived version of this very interesting and informative webinar.
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Don't Forget About EPPS
EPPS Purchasing, Inc. is the leading point-of-sale company in the industry, servicing all major studios and many large independent production companies. EPPS is an established vendor with the necessary "brick and mortar" presence and taxable nexus to be a vendor for state film incentive purposes. EPPS offers production equipment, supplies, and items not readily available in a particular jurisdiction. The purchase and/or rental of such items may be considered qualified spend for a particular state's film incentive, depending on the type of item.
With offices in Alabama, Alaska, California, Connecticut, Florida, Georgia, Louisiana, New Mexico, New York, North Carolina, Pennsylvania and Utah -- and with the largest and most experienced incentives team available -- let us maximize your incentive with administration services customized to your production.
For more information on the placement of tax credits, the financing of incentives, and/or EPPS Purchasing, contact Marco Cordova at 818.955.6278 or
mcordova@entertainmentpartners.com
.
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Upcoming Appearances
Tuesday, January 24, 2012
Women in Film (WIF) Panel at Sundance Film Festival
Entertainment Partners is proud to sponsor the Women in Film (WIF) panel being held on Tuesday, January 24 at 350 Main Street in Park City. Time is from noon to 2:00 pm.
Sunday, January 22 - Thursday, January 26, 2012
Sundance Film Festival
Look for Marco Cordova at The Sundance Film Festival.
Wednesday, March 7, 2012
Film Finance Forum
Hollywood, CA
Joseph Chianese will be hosting a panel as part of Winston Baker's 4th Annual Film Finance Forum at the Hollywood Roosevelt Hotel in Hollywood. The theme of the forum is "Bridging the Gap Between Financiers & Filmmakers." Joe's panel is about "Soft Monies: Monetizing on New Tax Incentives and Subsidies." For more information, visit the Film Finance Forum's
website
.
Thursday, March 22, 2012
ATLAS International Film Finance Summit
Los Angeles, CA
Joseph Chianese will be hosting a panel at the ATLAS International Film Finance Summit at the Luxe Hotel in Los Angeles. The topic will pertain to the planning, applying for, administering, and monetizing of domestic and international incentives. For more information, visit the
Council on International Tax Education (CITE)
.
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DISCLAIMER:
These newsletter 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 the
Jurisdictions
section of our website.
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.