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August 11th, 2014
Production Tax Incentives for Documentary Films
State production tax incentives have become an increasingly important part of any financing plan for feature length fiction films. But what about documentary films?
Documentary filmmakers often do not consider production incentives because the filmmaker's focus is on the subject of the documentary - which drives the production locations. Even so, it is worth considering whether the state in which the subject of the documentary will be filmed offers production incentives. The incentives may help attract investors by guaranteeing at least partial recoupment of the investment, particularly if the financing structure permits the tax credit revenue to go first to those investors (if a film has other sources of financing such as grants or donation model crowdfunding revenues).
Even if only postproduction is done in a state with production incentives, those costs may be eligible for a tax credit refund or rebate, or be available to be sold if in a transferable tax credit state.
Of course, the structure of the financing of a documentary is critical in order to maximize the chances of monetizing state production incentives for documentaries in a tax efficient manner.
To help our clients and friends identify the states that make production tax incentives available for documentary filmmakers, we put together a summary which you can find here.
For further information or advice about appropriate production and financial structures, please contact Thomas D. Selz at (212) 826 5535 or email@example.com, Victoria S. Cook at (212) 826 5553 or firstname.lastname@example.org, or Lisa E. Davis at (212) 826 5530 or email@example.com.
Other Entertainment Law Alerts
New York City Reopens for Film and Television Production
On July 17, 2020 NYC Mayor Bill de Blasio announced that, with the City entering Phase Four of Reopening on Monday July 20th, 2020, film and television production in the City can restart again in earnest. Read more.
July 21 2020
Los Angeles County Authorizes Television, Film, and Music Production Resume on June 12, 2020 With Strict Regulations
On June 11, Los Angeles County approved a staged resumption of film and TV production beginning June 12, 2020. However, it comes with extensive regulations. Read more.
June 16 2020
California Will Permit Television, Film, and Music Production to Resume on June 12, 2020 Subject to County Public Health Approvals
As several production-heavy states announce the easing of stay-at-home orders and restrictions, the question of how to restart entertainment production in a safe manner has become paramount. Read more.
June 9 2020