Monday, February 27, 2012

Georgia Film Tax Credit Program Has Its Positive Aspects

By Hilda Rothfuss


Georgia film tax credit isn't the only location with good news. California's motion picture incentive program is still in existence. On July 1, the Californian Film Commission began accepting applications for the $100 million available to television and film producers within this the first year of the program. According to Commission Director Amy Lemish, as of a week ago about sixty productions had passed applications. Nearly all of the tax break applications are from film producers planning independent motion pictures with funds between $1 million and $10 million. But there are also studio undertakings with celebrities applying for the break.

The credit can be used for the tax year when the undertaking was concluded and the SHPO approves the restoration work (as well as a National Register nomination, if needed). A unique certification number will be given to the proprietor then. All work done to the building during the rehabilitation project, and for three years following the certification of the project, must meet the Secretary of the Interior's Standards for Rehabilitation. Credit amounts greater than the amount of tax due in that year may be carried forward up to five years. You should talk to the State Historic Preservation Office when you have questions.

So far as other film locations go, it is good to note that movie making has a lengthy background in Louisiana, partly since the state generally, and New Orleans specially, is certainly part of the filmic imagination. From the plot of the naf found in service to a bordello in The Red Kimono, to the rebellious New Orleans belle in Jezebel, to the colorful, crazy setting of the Carnival for an Easy Rider drug trip, Louisiana, its creolized cultures and unique settings have been recurrent figures in Hollywood films. The earlier movies made it apparent the state was a authentic set for soul-stealing as seen in Mephisto and the Maiden, a forest experience like in the timeless Tarzan of the Apes, and also the romantic Old South in My Old Kentucky Home.

These films pulled in directors, stars, along with other early film specialists to the state, a few of whom would come to stay there for extended stays, and also have encouraged state officials to find procedures that would institutionalize this relationship. Of these, the 2002 Louisiana Motion Picture Incentive Act was a turning point in that it made intangibles, thoughts for movie initiatives, into real and tradable assets by way of a tax credit market.

Even though Georgia film tax credit generally seems to hold its own, in December of 2008 the Illinois General Assembly approved the Illinois Film Production Tax Credit Act, which offers makers a credit of 30 percent of most qualified expenses, including post-production. The objective of the Tax Credit Act is to attract local vendors, union representatives and film producers to the Illinois film industry so that you can increase development and job opportunities. Furthermore, the tax credit aims to stimulate diversity in production hiring. It's great to try and do lots of research when taking film tax credit into consideration for your next film job.




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