The Current and Potential Economic and Fiscal Impacts of Texas' Moving Media Industry Page: 28
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Economic and Fiscal Impacts of Texas' Moving Media Industry
Incentive Programs by State (cont.)
Ib~ ?1~~li-~.J L T~~g~6(~BD~i~Bf~J~Connecticut
Delaware
Florida
GeorgiaExemption on 6%
tax for most produc-
tion services and
rentals.
No state sales tax.
Exemption on 6%
tax for most produc-
tion services and
rentals.
Exemption on 7%
tax for most produc-
tion services/rentals
including certain
vehicles.After 30 days.
No location fees
for state property.
Five-year exemp-
tion on local
property taxes
for machinery/
equipment used
in production.
State reimburses
municipalities for
taxes they waive
for brick and mor-
tar facilities.
No state income
tax.
Georgia Produc-
tion Partnership
Program - State-
wide discount
program offered
through an alli-
ance of industry
specific service/
material providers,
professional orga-
nizations and sup-
port businesses.* Susan Combs Texas Comptroller of Public Accounts December 2008
Business Tax Credit of 30% for
qualified digital media and mo-
tion picture production expenses
(including pre and post) incurred
in Connecticut. Must exceed $50K
in spending to qualify. Includes
goods, services and labor. Credits
are transferable and carry forward
for 3 years. No annual or per-
production cap.
Entertainment Industry Finan-
cial Incentive provides qualifying
productions with 15% reimburse-
ment on total cost of approved
Florida expenditures when spend-
ing minimum of $625K in Florida.
Projects placed in queue and funds
certified to projects in queue until
funding exhausted. Award capped
at $2M per project. Appropriation
for fiscal 2008 capped at $25M.
Income Tax Credit of 9% of all
Georgia spending including person-
nel/services brought into the state
to companies spending at least
$500K in calendar year. Wages lim-
ited to first $500K per individual.
Additional 3% credit for wages to
Georgia residents. Additional 3%
credit for spending in underde-
veloped counties. Additional 2%
credit if spending exceeds $20M in
calendar year. Credits carry for five
years and can be sold for minimum
of $0.60 on the dollar. The 2008
Entertainment Industry Invest-
ment Act reinforces and strength-
ens Georgia's position within the
entertainment industry. The new,
more competitive incentives replace
those currently in use by offering a
20 percent tax credit for qualified
productions, which are then eligible
for an additional 10 percent tax
credit if they include an animated
Georgia promotional logo within
the finished product.Apr-06
Apr-06
May-07
Oct-0800
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Weinstein, Bernard L.; Clower, Terry L. & Seman, Michael. The Current and Potential Economic and Fiscal Impacts of Texas' Moving Media Industry, report, December 1, 2008; (https://digital.library.unt.edu/ark:/67531/metadc30416/m1/34/: accessed April 17, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Center for Economic Development and Research.