Financial Forum

New Mexico Film Office

Friday, April 16, 2010 | 1:00pm - 2:00pm
Doubletree Hotel, Santa Monica

Whether you are a small filmmaker or a major studio, New Mexico offers a film incentive package that will meet your production needs.

Our 25% Tax Rebate applies to all production expenditures made in the state and includes stand-alone post and video games. There is no cap, no minimum spend, no minimum crew or production days, and no hassles.

NM's Film Investment Program offers a 0% interest loan whereby the state negotiates back-end participant in lieu of interest. This program, the only one of its kind in the continental US, is available for qualifying productions for up to $15 million per project with a minimum budget of $2 million.

And our Film Crew Advancement Program offers a 50% wage reimbursement on qualifying New Mexico crew members that you move up to a 2nd tier position.

We look forward to seeing you!

Michigan Film Office

Friday, April 16, 2010 | 1:00pm - 2:00pm
Doubletree Hotel, Santa Monica

Fast facts on the Michigan incentive:

• Minimum spend of $50,000 in MI for eligibility
• 40% refundable tax credit, across the board, on MI expenditures
• 42% if filming in one of the MI 135 core communities
• Labor and Crew: 40% to 42%. Resident BTL: 40% to 42%. Non Resident BTL: 30% flat. ATL : 40% to 42% regardless of domicile.
• One cap: $2 million maximum salary incentivized per employee, per production
• No sunset

A refundable tax credit means you may sell the credit to any eligible MI taxpayer or you may file for the entire amount and receive a check from the Michigan Treasury. Confusing? Come to our Forum and ask.

Print out the Incentive Information Packet found on our website for all details and forms. www.michiganfilmoffice.org

You must have an approved and signed Agreement before incurring any eligible production expenses, so don't wait until the last minute - approval can take 3-4 weeks.

There is also a 25% infrastructure tax credit program for those of you interested in building a studio or post house in Michigan.

United Kingdom

Friday, April 16, 2010 | 3:00pm - 4:00pm
Doubletree Hotel, Santa Monica

UK Film Tax Relief is worth up to 20% of production expenditure within the UK on British qualifying films irrespective of nationality e.g. US above-the-line cast and crew working in the UK qualify for the incentive.

Production Executives from the United Kingdom will explain the value and benefits of the UK Film Tax Relief and how to qualify. There will be a chance to meet the British regional and national screen agencies to discuss what they can offer international productions, and a senior Disney executive will be sharing their experiences of filming in the UK.

British Columbia Film Commission

Friday, April 16, 2010 | 3:00pm - 4:00pm
Doubletree Hotel, Santa Monica

Robert Wong, Vice President of Tax Credits & Development, British Columbia Film, will be speaking on behalf of the Province about BC's recently enhanced tax incentives. The incentives are available for film and television production and visual effects work undertaken in BC. These include the basic Production Services Tax Credit, Regional and Distant Location tax credits, and the Digital Animation or Visual Effects (DAVE) tax credit. There will also be a brief overview of Production Services and Green initiatives in BC.

Announced changes to provincial film tax credits:

• PSTC increased to 33% from 25% of eligible labour expenditures
• DAVE tax credit bonus increased from 15% to 17.5% of eligible labour expenditures
• New BC Interactive Digital Media tax credit of 17.5%

Georgia Film, Music, & Digital Entertainment Office

Friday, April 16, 2010 | 3:00pm - 4:00pm
Doubletree Hotel, Santa Monica

Productions are challenged to find smart alternatives to stretch their budgets. The Georgia Entertainment Industry Investment Act grants a 30% income tax credit with 20% to qualified productions which feature films, television series, commercials and music videos, game development and animation. Feature films, television projects, music videos and video games are also eligible to receive an additional 10% tax credit for including an imbedded Georgia Entertainment Promotion in their finished product.

Film, video, broadcast and music production companies working in Georgia can also realize significant savings through the Georgia Sales & Use Tax Exemption. Qualified companies can receive an immediate point-of-purchase sales tax exemption that will save up to 8% on most below-the-line materials and service purchases, leases, or rentals.

Combine these powerful financial tools with the Georgia Film, Music & Digital Entertainment Office's knowledgeable, hands-on staff, the state's diverse locations, the convenience of Hartsfield-Jackson Atlanta International Airport and a welcoming, pro-business climate, and you have the perfect backdrop for any production.

Puerto Rico Film Commission

Saturday, April 17, 2010 | 11:00am - 12:00pm
Doubletree Hotel, Santa Monica

The Government of Puerto Rico, through Act No. 362 of December 24, 1999, known as the "Puerto Rico Law for the Development of the Film Industry", offers a tax credit equivalent to 40% of budget items paid to Puerto Rico entity or resident or up to 50% of the cash invested as equity in the project. 50% of the estimated tax credit can be advanced before shooting. The tax credit is an incentive for investors in a Film Entity dedicated to producing a film project in exchange of stock or unit participations.

Rio Film Commission

Saturday, April 17, 2010 | 11:00am - 12:00pm
Doubletree Hotel, Santa Monica

In an unprecedented effort, the State Government of Rio de Janeiro and Rio de Janeiro's City Hall have joined forces to create the RIO FILM COMMISSION, a one-stop-shopping film commission for all audiovisual production needs within the state. The RIO FILM COMMISSION is headed by Steve Solot, former Latin-American Senior Vice-President for the Motion Picture Association.

Boosted by RIO GLOBAL, a R$3 million (approximately US$ 1.8 million) investment line aimed at attracting feature films to promote Rio de Janeiro around the world, RIO FILM COMMISSION's mission is to market Rio de Janeiro internationally as a prime location for audiovisual content production. Another feature is the soon-to-be-announced local production grant of 5% of in-state film production spends.

Beyond upgrading standard film commission services and infrastructure, Solot has undertaken a complete revamping of the existing film commission website and location database, implementation of an accreditation system for production services providers, a program for foreign productions to offer local film crew on-the-job training and workshops, and the inauguration of an international production office space with basic infrastructure for visiting producers.