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CAST & CREW ENTERTAINMENT SERVICES
MONDAY, DECEMBER 19, 2016

In this Issue  Backtotop
PROPOSED
Oregon (D 2399)
South Carolina (S 74)
Wyoming (S 24)
MISCELLANEOUS
California
Bratislava
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PROPOSED LEGISLATION
Still in the House or Senate
OHIO (S 235)ohio235
Senate Bill 235 allows a television program produced in Ohio during the first six months of the 2017 calendar year to be certified as a tax credit eligible production for the 2018 fiscal year (July 1 - June 30), even though production began before the start of the 2018 fiscal year. The credit awarded shall not exceed $12 million and cannot be claimed before July 1, 2017. The credit will be counted towards the annual cap for fiscal year 2018.
OREGON (D 2399) or2399
Draft Bill 2399 proposes to extend the sunset date for the Greenlight Oregon Labor Rebate (GOLR) from December 31, 2018 to December 31, 2023. In addition to the incentive provided by the Oregon Production Investment Fund, the GOLR allows a rebate on Oregon income tax withheld from labor payments up to a maximum of 6.2%. If enacted, the extension would take effect on the 91st day after the date on with the 2017 regular session adjourns sine die. 
SOUTH CAROLINA (S 74) sc74
Senate Bill 74 amends the motion picture production incentive act as follows:
  • Allows a carry-over of the prior year's committed and uncommitted funds to the next fiscal year; and,
  • Allows the department to use either wage or supplier rebate funds for the purposes of awarding either wage or supplier rebates.
If enacted, this amendment would take effect immediately. 
WYOMING (S 24)wy24
Senate Bill 24 creates a new production incentive program in Wyoming. Highlights of the new bill are as follows:
  • Creates a rebate of up to 15% of qualified expenditures in exchange for adequate consideration provided to the state, such as:
    • Providing a storyline that is set in Wyoming,
    • Providing additional Wyoming footage, interviews and other marketing assets, and,
    • Providing a clear statement in the credits that the product was filmed in Wyoming;
  • Limits qualified spend to: resident labor, set construction in Wyoming, digital media effects services, and, costs of goods and services purchased or leased from vendors located and doing business in Wyoming;
  • Requires a minimum spend of $200,000 in qualified expenditures; and,
  • Grants the tourism board the authority to:
    • Limit rebates based upon a project's measurable benefit to the state;
    • Invest in projects filmed within the state which highlight Wyoming-based features; and,
    • Partner with lodging tax agencies within Wyoming to match funds for supporting local film production opportunities.
If passed, this program would take effect immediately.

MISCELLANEOUS
CALIFORNIA   CAWE
The California Film and TV Tax Credit Program 2.0's application window for Independent Films (Transferable Tax Credits) and Non-Independent Feature Films (Non-Transferable Tax Credits) is January 2 - January 13, 2017.

Applications are ranked within categories based upon their "jobs ratio" score. Projects that rank in the top 200% will be notified by January 17, 2017 to submit Phase II documents within three days of such notification. Credit Allocation Letters will be issued on February 13, 2017.

For details, click here. 

IN THE NEWS


Production Incentives
Joe Bessacini
Vice President, Film & TV Production Incentives
818-480-4427

Incentive Financing
Deirdre Owens
Vice President, Production Incentive Financing
818-972-3201
  

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