A Guide to States and Film Tax Credits

A Guide to States and Film Tax Credits

Exploring the Top States for Filmmakers and Their Lucrative Tax Credit Programs

In the world of entertainment, one of the key considerations for filmmakers is often where to shoot their next project. It's not just about finding the perfect location or the ideal setting; it's also about the financial incentives that states offer through film tax credits. These credits can significantly impact the bottom line of a production and influence decisions about where to film. So, let's take a closer look at which states are currently leading the pack in offering attractive film tax credits and which ones are the hottest destinations for filmmakers.

Top States Offering Lucrative Film Tax Credits

  1. Louisiana: A southern state that has become a favorite among filmmakers is Louisiana. With tax credits of up to 40% on qualified spending, including resident and non-resident labor, as well as a competitive infrastructure for film production, Louisiana continues to attract major Hollywood productions.
  2. Georgia: Known as the "Hollywood of the South," Georgia has been a top destination for filmmakers in recent years, thanks in large part to its generous tax incentives. Productions can receive up to 30% in transferable tax credits after adhering to certain requirements and for certain qualified expenditures, including salaries for in-state workers and money spent on goods and services within the state.
  3. New Mexico: The Land of Enchantment has long been a popular destination for filmmakers, offering a 25-30% refundable tax credit on eligible production expenditures. In addition to its stunning landscapes and diverse locations, New Mexico's film tax incentives make it an attractive option for both large-scale productions and independent filmmakers.
  4. New York: While New York may not offer the highest tax credits compared to some other states, its robust film industry and diverse locations continue to draw filmmakers. With a 30% tax credit on qualified production expenses incurred in designated areas outside of New York City, as well as additional incentives for post-production work, the Empire State remains a powerhouse in the film industry.
  5. California: Despite facing stiff competition from other states, California remains a top destination for filmmakers, thanks in part to its iconic locations and established infrastructure. While its tax credit program is not as lucrative as some other states, California offers a 20-25% tax credit on qualified production expenses, along with additional incentives for filming in certain regions.

Top Cities for Filmmakers

  1. Los Angeles, California: As the heart of the entertainment industry, Los Angeles continues to be a popular destination for filmmakers. With its abundance of soundstages, studios, and experienced crew members, LA offers filmmakers unparalleled resources and opportunities.
  2. Atlanta, Georgia: With its booming film industry and diverse array of filming locations, Atlanta has emerged as a major hotspot for filmmakers. From urban cityscapes to picturesque countryside, Atlanta and its surrounding areas offer a wealth of options for productions of all sizes.
  3. New Orleans, Louisiana: Known for its unique blend of historic charm and vibrant culture, New Orleans is a favorite among filmmakers seeking atmospheric locations. With its tax incentives and rich filmmaking history, NOLA continues to attract productions from around the world.
  4. Albuquerque, New Mexico: With stunning desert landscapes, a diverse array of locations, and its year-round sunshine, Albuquerque has become a go-to destination for filmmakers. From blockbuster films to hit television shows, Albuquerque offers filmmakers a unique backdrop for their productions.
  5. Wilmington, North Carolina: Dubbed "Hollywood East," Wilmington has long been a popular destination for filmmakers on the East Coast. With its scenic coastline, historic downtown area, and experienced film crews, Wilmington offers filmmakers a charming and versatile backdrop for their projects.

When it comes to choosing the perfect location for your next film production, it's essential to consider not only the aesthetic appeal of the destination but also the financial incentives offered by each state. Whether you're drawn to the bustling streets of Atlanta, the picturesque landscapes of New Mexico, or the iconic landmarks of New York City, there are plenty of options to suit every filmmaker's vision and budget. So, grab your camera, pack your bags, and get ready to bring your story to life in one of these exciting filming destinations.

If you need help navigating the benefits of filming in specific states or have questions about any other entertainment law-related questions, reach out to the experts at Ameri Law.