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Old 05-10-2012, 06:12 PM   #16
Morris
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Rhode Island has a proposed new tax incentive bill that will be more favorable. http://www.browndailyherald.com/bill...-r-i-1.2734602 Still would have to pass.
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Old 05-20-2012, 09:46 AM   #17
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Colorado will be shifting around their film incentive numbers in July.
http://www.alamosanews.com/v2_news_a...=24920&page=72
  • From 10% to 20% rebates
  • From 25% Colorado workforce to 50%
  • In-state prod.co.s will remain at $100k minimum in state spend
  • Out-of-state prod.co.s will have to increase spending from $250k to $1m.



It's still not all that comptitive with adjacent states.



Colorado $100,000 minimum spend & 20% rebate, compare to:
(Starting from the 1 o'clock position)
  • Nebraska's got nothing going on.
  • Kansas $100,000 minimum spend & 30% credit
  • Oklahoma $50,000 minimum spend & 37% rebate
  • Texas $250,000 minimum spend & 5% rebate(?) minimum spend &
  • New Mexico $0 minimum spend & 25% credit
  • Arizona's got nothing going on.
  • Utah $200,000 minimum spend & 15% rebate
  • Wyoming $200,000 minimum spend & 15% credit

Better options in KS & OK, and NM is just plain hard to beat.
The rebate increase from a regional low of 10% to 20% at least puts it ahead of UT and WY

Last edited by rayw; 05-21-2012 at 08:32 AM.
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Old 05-20-2012, 11:10 AM   #18
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Follow up: filmmaker Dan Adams gets 2 to 3 years in prison for tax credit fraud

From: http://www.indietalk.com/showthread....397#post262397


Cape Cod filmmaker Dan Adams gets 2 to 3 years in prison for $4.7 million tax-credit fraud
05/10/2012 8:17 PM
http://www.boston.com/businessupdate...LkN/story.html

"Daniel Adams, the Cape Cod filmmaker convicted of fraud for illegally obtaining $4.7 million in state film tax credits, was sentenced Thursday to two to three years in state prison.

Following his release, Adams faces 10 years of probation. He was also ordered to pay $4.4 million in restitution to the state under the sentence imposed by Massachusetts Superior Court Judge Carol Ball."



Dumb@ss.

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Old 05-20-2012, 05:17 PM   #19
Morris
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Rhode Island has an incentive program for moviemakers and video game companies, I wonder if they might tighten up the rules after what Curt Schilling did. http://www.boston.com/businessupdate...JuM/story.html
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Old 06-03-2012, 09:50 AM   #20
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Record 322 Movie and TV Projects Vie for $100 Million in California Tax Credits
http://www.hollywoodreporter.com/new...rojects-332260

"The California Film Commission received a record 322 applications Friday for a share of the $100 million or more in funding available annually through the state’s Film & Television Tax Credit Program, of which 28 have been selected to receive tax credits.

Only 28 projects are picked from lottery to get funding.

Last year the commission received 176, of which 27 received funding. Ultimately, 74 projects received credits from last year’s allocation.

In June 2010, there were 70 applications, of which 43 eventually received funding valued at $121 million. That means the number of applicants has nearly doubled each year."


2010 70 applications, 43 received funding.
2011 176 applications, 27 initially received funding, 74 eventually.
2012 322 applications, 28 (initially) received funding.

“The increase [in 2011 from 24 to 74 projects] was due to the large number of smaller independent projects that moved form the waiting list to receive credits as larger projects withdrew form the program


Among productions in California in the past year that benefited from the state tax credit program were HBO’s Hemmingway and Gellhorn, the feature films Argo, Dunderheads, Nina, and the independently financed features Bachelorette Party, Decoding Annie Parker, Lovelace, Lowdown, Suicide Kings 2, Trust Me and Vocal Chords of Freedom. Cable TV series include Franklin and Bash, Justified, Men of a Certain Age, the Nine Lives of Chloe King, Pretty Little Liars, Rizzoli & Isles, The Protector, and Perception. The two TV series returning to California are Body of Proof and Torchwood.

The breakdown of approved projects (and percentage of the total it represents) for 2011 was studio features 4 (14.8 percent), independent features 10 (37 percent), (cable) TV series 10 (37 percent), independent movies of the week 1 (3.7 percent) and TV series that relocated to California from other states 2 (7.4 percent).

There is a 25 percent credit for independent films [20% for studio films], with a budget over $1 million and under $10 million. Of the $100 million authorized each year, $10 million is reserved to fund independently produced movies.”


692

Last edited by rayw; 06-03-2012 at 09:52 AM.
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