United States - Alabama

NameUS - Virginia Motion Picture Production Tax Credit
FundVirginia Film Office
TypeProduction Incentive
Project typesFeature Films, TV series, TV single work, Web project, Computer games, Interactive projects
Nature of projectFiction, Animation, Documentary
Annual budgetAnnual budget is 6,5M USD / Sunset date: January 2019 / Sales/use tax exemptions, lodging tax exemption for 30+ days
Funding calculation % of QE upto15
Funding calculation infoor 20% of QE if the project is in an economically distressed area of Virginia / Additional Virginia Resident Credit: 10 to 20 % of aggregate payroll for Virginia residents employed in the production / Additional Virginia Resident First-Time Industry Employee Credit: 10% of the total aggregate payroll for Virginia residents employed for the first time as actors or members of a production crew
Nature of fundingSelective
Who can applyNational Production Company, Production company registered in the region/state, Service Production Company
Other requirementsProject must be fully funded with a multi-market distribution contract, without taking into account the value of the tax credits / Project will go into pre-production within 90 days of the approval of the application
All year roundYes
When to apply infoApplication to the VFO at least 30 days prior to production.
RecoupableNot Recoupable
Tax typeTax Credit
Financial supportNational Productions, Coproductions, Foreign Productions
Minimum qualifying expenses250000 USD
Minimum shooting days infoMakes a best faith effort to film at least 50% of principal photography in the State
Individuals paying income tax inVirginia
Foreign individuals paying income tax inVirginia
Service companies paying taxes inVirginia
OtherResident and non-resident cast and crew wages must be less than 1M USD per individual / Any other production expense for which taxes are assessed or imposed by the state and is approved by the VFO

Contact Details

Name: Andrew Edmunds