Michigan
Total Return: $8 million
Income Tax Credit:
• 40% cash rebate, across the board, on Michigan expenditures, with a spending threshold of $50,000.
• Add 2% if filmed in Michigan core community.
• Capped at $2 million salary per employee counted in project's expenses, including out-of-state workforce.
• Labor and crew: 40-42% resident, 30% nonresident.
New York
Total Return: $6-7 million
Refundable Tax Credit:
• 30% of eligible production expenditures including payroll.
• Production must film at least 75% of total stage work on a qualified NY soundstage.
• Funded at $60 million per year until 2012.
• NYC provides additional 5% tax credit up to $30 million annually for filming in NYC.
• Separate fund of $42 million for commercial producers provides same 10% credit without soundstage qualification.
Connecticut
Total Return: $6 million
Business Tax Credit:
• 30% for qualified digital media and motion picture production expenses (including pre- and post-) incurred in Connecticut.
• Must exceed $50,000 in spending to qualify. Includes goods, services, and labor.
• Credits are transferable and carry forward for three years.
• No annual or per-production cap.
New Mexico
Total Return: $5 million
Refundable Tax Credit:
• 25% of eligible New Mexico production and postproduction costs including wages.
• Must choose income-tax credit or sales-tax exemption for each expenditure.
• 50% reimbursement of wages for on-the-job training of New Mexico in advance below-the-line crew.
Film Investment Program:
• Interest-free loans/equity investment up to $15 million per project.
Louisiana
Total Return: $5 million
Tax Credit:
• 25% of total production expenditures (including payroll, except portion of any salary over $1 million) for projects spending at least $300,000 in Louisiana.
• Credits are transferable and can be carried forward for 10 years.
Labor Tax Credit:
• Payroll to Louisiana residents receives an additional 10% credit.
Texas
Total Return: $1 million
Motion Image Industry Incentive Program:
• 5% grant of in-state production expenditures, including wages paid to Texans.
