  Tools for 2008 Updates by Jurisdiction What's New at EP? Maximize Your Incentives with EP Upcoming Appearances |
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   The Essential Guide to U.S. & International Production Incentives, 2008, 2nd Edition, edited by Joseph Chianese, Marco Cordova, and Barbara Rosenfeld. Distribution will be at various events (see Happenings). Monthly Production Incentives Email Updates Archive of previous newsletters is now available. To sign up for our newsletter, please send your request to the EP Production Incentives Group. Recent Updates as of May 27th to the website, including the "Basic Overview of U.S. and International Production Incentives" PDF. back to top |
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 NOTE THAT SEVERAL OTHER STATES ARE EXPECTED TO INTRODUCE NEW FILM INCENTIVE LEGISLATION. For more information on proposed legislation and additional incentives updates, visit the Recent Updates section. U.S. Updates ALASKA Senate Bill 230 was transmitted to Governor Palin for her signature and is due back on June 9, 2008. The Bill creates a transferable production credit of 30% of qualifying production local spend for productions with at least $100,000 of qualified expenditures, plus: 10% for wages paid to Alaska residents, 2% for expenditures in a rural area, and 2% for expenditures between October 1 and March 30. FLORIDA Florida's legislature reduced the annual film incentive funding to $5,000,000 from $25,000,000 provided during the 2007-2008 fiscal year. GEORGIA House Bill 1100, which increases the production credit up to 30%, was signed by Governor Perdue. Please visit our U.S. Overview for additional information regarding the Georgia Entertainment Industry Investment Act. ILLINOIS House Bill 2482 was enrolled on May 27, 2008. The Bill extends the sunset date of the Illinois film incentive program to December 31, 2008. Please visit our U.S. Overview for additional information regarding the Film Production Services Tax Credit Act of 2008. MISSISSIPPI House Bill 1351 was signed by Governor Barbour. The Bill amends the cash rebate to provide 20% of qualifying local spend, 20% of qualifying payroll up to $1,000,000 paid to each non-resident, and 25% of qualifying payroll up to $1,000,000 paid to each resident. The per project cap is raised to $8,000,000, and a $20,000,000 fiscal year cap is added. There is a minimum local spend of $20,000 in base investment and/or payroll. NORTH CAROLINA House Bill 2511 was introduced to increase the production film credit from 15% to 20%. The increased film credit applies to taxable years beginning on or after January 1, 2008. SOUTH CAROLINA Eight bills (including HB 4815) are pending in the South Carolina legislation, which if passed, could enhance or modify the existing Motion Picture Incentive Act. NOTE THAT SEVERAL OTHER STATES ARE EXPECTED TO INTRODUCE NEW FILM INCENTIVE LEGISLATION. For more information on proposed legislation and additional incentives updates, visit the Recent Updates section. back to top |
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 EP New Mexico is moving to Albuquerque Studios during May and recently hired new staff to help with productions in New Mexico. Entertainment Partners also purchased new workers compensation policies from local brokers to help maximize your production incentives! See the following list of production incentive states where EP has a local policy: Florida Hawaii Illinois Louisiana New Mexico Pennsylvania South Carolina *NEW* Texas More policies to be announced soon! back to top |
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  Entertainment Partners has an office in each of the following states to help maximize your production incentives (more to open soon!):California Connecticut Florida Illinois Louisiana * Massachusetts New Mexico ** New York Pennsylvania South Carolina Utah |
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| * Entertainment Partners has a full-time account representative in the State to help maximize your production incentives. ** EP relocated one of its most experienced paymasters to its office in Albuquerque to service its New Mexico clients. ** EP New Mexico Production Incentives Packet available. For more information contact our EP Production Incentives Group. back to top |
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 Women in Cinematic Arts Industry Forum 2008 June 7, 2008 Presented by USC's School of Cinematic Arts at the Robert Zemeckis Center for Digital Arts. EP will have a representative there with specific information regarding production incentives. Los Angeles Film Festival June 21, 2008 EP will be participating on a film financing panel during the festival. back to top |
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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 Overview section of our website. |