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EP Sponsored Women in Film (WIF) in Park City 2012

EP Incentive Solutions Update Available

EP Incentive Solutions Update Available

W-2 Hotline Now Active

Joseph Chianese Moderated 411 Publishing Webinar on Post Production Incentives

PRODUCTION INCENTIVES

RECENT UPDATES - July 29, 2010

Loan-Out Company Considerations: Income tax withholding is required on payments qualifying as "direct production expenditure" and "qualifying personnel expenditure"; section 206.351 sets forth the general withholding requirements for employers to withhold on payment to employees; loan-out companies must be registered to do business in MI, failure to do so will raise an issue on audit but will not disqualify the production company's credit if the proper withholding tax has been paid.

Maximum Benefit: 15% of qualifying local spend or an "alternative" 25% refundable credit, subject to sales and use tax adjustments

Compensation and Project Caps/Funding Per Year: There is a $15,000,000 per project cap on aggregate compensation paid to performing artists, the annual funding for 2009-2010 is $42,000,000; funding for 2010-2011 is $60,000,000; funding for 2011-2012 is $75,000,000

Sunset/Review: Beginning July 1, 2011, the office may not issue a tax credit certificate unless the legislature expressly provides funding in the office's budget or amounts remain from prior years' funding

Type of Incentive: Cash rebate; in addition, a 15% to 20% refundable tax credit (with bonuses for local and first-time hires) will be available beginning on January 1, 2011

Project Criteria: For Location offset, minimum qualifying local spend (QAPE) of A$15,000,000; TV series must average ≥ A$1,000,000 per hour; for PDV offset, minimum qualifying PDV spend = A$500,000; for Producer offset minimum spend = $1,000,000 for feature films, TV series and telemovies (lower spend test for documentaries and short form animation) and production must pass "Australianness test" (subjective), official co-productions automatically qualify
Footnote: This summary reflects changes to the project criteria announced by the Government in the 2010-2011 Budget, to be retroactive to July 1, 2010.

Compensation and Project Caps/Funding Per Year: Eligible spend is capped at 80% of total budget; funding of CZK 400,000,000 (approximately US$19,000,000) available in 2010 on a first-come, first-served basis
Project Criteria: Feature, television, animated, and documentary films must be ≥ 70 minutes and television episodes ≥ 40 minutes each; minimum local spend = CZK 15,000,000 (approximately US$720,000) for theatrical and television films, CZK 3,000,000 (approximately US$150,000) for theatrical documentaries, and CZK 10,000,000 (approximately US$480,000) for each television episode; projects must pass a cultural test (minimum 4 points of cultural criteria and an overall 23 out of 46 possible points)
Eligible Entities: Registered Czech income tax payers (producer or co-producer) with a place of business in the Czech Republic
Sunset/Review: None

Project Criteria: Minimum budgets for feature films = €1,000,000, animated films = €2,000,000, documentaries = €200,000; ≥ 25% of budget must be local spend or 20% if budgeted > €20,000,000; if €15,000,000 local spend, no percentage test; cultural test