Kentucky tax incentives for film

Here are the ten states with the best tax breaks and benefits for film production. Tim emery ice age alias redd garrett lp 1979 southern rock kentucky duration. Why bevin is taking an ax to kentuckys controversial film. Hollywood may still be home to the major film studios, but since states began passing movie production incentives mpis in the 1990s, production crews have taken advantage of some very lucrative tax credits, cash rebates, grants and sales. Archive film tax incentives since june 29, 2009 updated november, 2019 includes film tax incentive agreements and amendments that were not disapproved or rejected by the committee. Since shortly after kentucky enacted tax incentives intended to draw film production to the state in may 2012, hart county judgeexecutive terry martin said hes been interested in bringing the. Photography, sound synchronization, lighting, and related services. Kentuckys film industry isnt particularly noteworthy, but the states new film industry tax incentives aims to change that. Before it can be filed, we must verify that you are registered with the secretary of state to do business in kentucky. Since 2009, kentucky has been showering film studios with free cash in the form of refundable tax credits. At the time, the package was attractive to outofstate filmmakers and helped make the state more competitive. The incentive provides qualifying applicants the ability to recover up a portion of qualified expenditures through a refundable income tax credit. Program is administered on a firstcome, firstserved basis. Kentucky business incentives and financial programs.

Governor steve beshear today signed house bill 340, which will make kentucky more competitive in attracting film and television productions and help create jobs, generate tax revenue and promote. If the ktdfa approves your film for incentives, an agreement will be signed and filed with the kentucky legislative research commission lrc. The kentucky film incentive is designed to encourage the development of the film industry in kentucky. Kentucky filmmakers become empowered to tell kentucky stories, ensuring that the next generation. Tax incentives for film production kentucky film office. Kentucky previously passed a series of filmproduction tax incentives in 2009. Since 2009, kentucky has offered tax incentives for film productions including featurelength movies, television shows and broadway productions. Once the total annual cap is approved, the film office cannot approve any further applications for tax incentives for that calendar year. Film incentives are good for kentucky letters to the. Vying for film and television projects, kentucky is offering producers an increased refundable tax credit of up to 30% for qualifying expenditures, and. From film tax incentives to stunning landscapes, the kentucky film office is here to make your vision a reality. Incentives wont be the only factor for producers deciding where to base projects as antilgbt laws in the south are sure to be a hot topic at the association of.