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PRODUCTION INCENTIVES
NEWSLETTER - March 8, 2011
Updates by Jurisdiction
Upcoming Appearances
Maximize Your Incentives with EP
Updates by Jurisdiction
U.S. Updates
For more information on incentives in each state, visit the
U.S. Overview
on our website and click on the state of interest.
PENNSYLVANIA
Governor Corbett's proposed budget calls for the film tax credit to continue despite a number of spending cuts. The proposed budget for 2011-2012 includes a $60,000,000 annual cap for the film tax credit. (See
Pittsburgh Business Times
3/8/2011
and
3/8/2011
.)
PUERTO RICO
Governor Fortuno signed Act No. 27 on March 4, 2011, expanding the 40% film tax credit based on payments to Puerto Rico residents to include an additional 20% credit for payments to non-resident talent. The law also expands the scope of qualifying projects, reduces the minimum spend to $100,000, and eliminates the former principal photography requirements. (See the
Puerto Rico Film Commission
.)
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Upcoming Appearances
Film Finance Forum
Los Angeles, CA
March 8 - 10, 2011
EP is participating in the 3rd annual Film Finance Forum, produced by Winston Baker. Joe Chianese will be a panelist on the "Controlling Volatility and Mitigating Risk" panel on Wednesday, March 9 at 2:45pm. Pick up the latest edition of
The Essential Guide to U.S. & International Production Incentives
at EP's booth and meet our EP Incentive Solutions team!
Register online
for the forum.
UCLA Entertainment Symposium
Los Angeles, CA
March 11 - 12, 2011
EP is sponsoring the 35th annual UCLA Entertainment Symposium: "Technotainment - RU Prepared 4 It?" EP will have a display table, so stop by and pick up our latest edition of
The Essential Guide to U.S. & International Production Incentives
and meet our EP team.
Purchase tickets
for the symposium.
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Maximize Your Incentives with EP
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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.