PRODUCTION INCENTIVES > UNITED STATES >

Nevada

United States - Alabama

NameUS - Nevada Transferable Tax Credit
URLhttps://www.olffi.com/c/USNVT01T
FundNevada Film Office https://www.olffi.com/c/USNVT
TypeProduction Incentive
ActivityProduction
Project typesFeature Films, TV series, TV single work
Nature of projectFiction, Animation, Documentary
Annual budgetFunding cap = 10M USD / Includes video games, mobile applications and other visual media productions determined to be visual media productions
Funding calculation % of QE upto25
Funding calculation info15% of the cumulative QE: 12% on wages, salaries, and fringe benefits to non-resident ATL personnel / Cumulative bonuses: 1) 5% if BTL residents > 50% of total BTL; 2) 5% if > 50% of filming days in NV county in which in each of the two years immediately preceding the date of application, QE incurred < 10M USD of direct expenditures / Project cap = 6M USD
Qualifying expenses infoOnly expenses on or after the date of submission are eligible / Indivual/loan out corporation capped at 750 000 USD / NV producer's fee <= 10% of NV expenditure / Non-resident producer's fee capped at <= 5% of NV expenditures / Non-resident BTL personnel is not eligible
Nature of fundingSelective
Who can applyNational Production Company
Who can apply infoMust register with the Nevada Film Office
Other requirementsProof that project is in the economic interest of NV / Proof of financing in place / Insurance certificate for > 1M USD
When to apply infoMust apply on or before December 31, 2017, and no earlier than 90 days prior to the start of principal photography or development
RecoupableNot Recoupable
Tax typeTax Credit
Financial supportNational Productions, Coproductions, Foreign Productions
Minimum qualifying expenses500000 USD
Minimum qualifying expenses infoTotal QE including pre-production, incurred in NV >= 60% / If any QE for post-production incurred in NV, then pre-production, production, and post-production costs incurred in NV >= 60%
Minimum local spending500 000 USD %
Individuals paying income tax inNevada
Foreign individuals paying income tax inNevada
Service companies paying taxes inNevada

Contact Details

Name: Nevada Film Office
Phone:+1 70 24 86 27 11
Email:lvnfo@nevadafilm.com