Download or read book Film TV Tax Incentives in the U S written by Glenda Cantrell and published by Routledge. This book was released on 2021-09-30 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Entertainment tax incentives are one of the greatest tools in the arsenal of filmmaking. They pay a portion of production expenditures back to the filmmaker, while creating powerful economic engines for the states who implement them properly. They are high in the list of considerations for executives to sign off before a movie receives the go-ahead for production, even to the point of dictating the location of where a production is filmed. Yet, they are misunderstood by the filmmakers who use them, the politicians who create them, the economists who measure them, and even the scholars who study them. This book puts all the pieces together in a comprehensive look at how the entertainment industry works, how it uses incentives, and how incentives can benefit a filmmaker - or a state.
Download or read book Film Tax Incentives written by and published by . This book was released on 2021 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cut And That s a Wrap The Film Industry s Fleecing of State Tax Incentive Programs written by Randle B. Pollard and published by . This book was released on 2014 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: States continue to rely on tax incentive programs to attract and retain businesses and to grow their economies through increased job creation and private capital investment. Most state tax incentive programs are focused on four major industries: manufacturing, agriculture, energy (oil, gas and mining), and the film industry. The cost of tax incentive programs in forgone revenue or direct expenditures continues to increase yearly as states receive less federal funding yet feel the need to compete with other states to attract and retain businesses. The accountability of these programs - “does the cost of the incentives produce the tax development and job growth promised by the recipient businesses?”, is increasingly questioned as recent reports of failed tax incentive programs that do not produce the promised tax returns can be found throughout the United States. This Article focuses on the success of state tax incentives in the film industry. The industry shares the same issues of accountability as other industries but there are more abuses and fraud reported. States have limited resources and cannot afford costly multi-million dollar tax incentive programs for the film industry that do not produce the promised results. This Article argues that states should reexamine the need for the incentives and curtail their film industry incentive programs according to the likelihood of film production in their state. States that maintain or increase their film industry incentives programs should institute limits on incentives awarded and create more accountability of performance on film industry production companies.
Download or read book State Film Industry Tax Incentives written by John Rappa and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses the tax credits and other incentives the New England states and New York and New Jersey offer the film industry.
Download or read book California Film and Tv Tax Credit Program written by California. Legislature. Assembly. Select Committee on the Preservation of the Entertainment Industry and published by . This book was released on 2013 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book More States Abandon Film Tax Incentives as Programs Ineffectiveness Becomes More Apparent written by Henchman and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Staying in Hollywood and the Big Apple written by Tina Xu and published by . This book was released on 2016 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: Film production tax credits have become an increasingly common feature of the state tax system. These tax credit programs were originally a response to worries about “runaway production” of films to foreign jurisdictions offering similar incentives. Now, even states with a historical comparative advantage in film production and strong in-state talent and expertise offer sizeable tax credits.This Note will focus on the film production tax credits offered in states with a historical comparative advantage in filming, specifically New York and California. The Note begins by examining the evolution and expansion of the Empire State Film Production Credit and the California Film and Television Production Credit. Then, it compares the current design of these two tax credit programs, and discusses and critiques economic impact analyses used to evaluate these programs. The Note concludes by addressing whether it is advisable for a state with a historically strong film industry to offer a film tax credit, and which tax design features are appropriate for such a state, paying special attention to how a program determines eligibility for the tax credit, whether the credit can be refunded or transferred, and the credit's allocation mechanism.
Download or read book Examining Incentive Based State Tax Legislation in the Film Industry written by Marie Kulesza and published by . This book was released on 2015 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: Competition among states to attract the multi-billion dollar film industry has intensified. Almost all states have been aggressively pursuing the film industry with incentive-based tax legislation to draw film production within state borders. Firmly rooted in economic policy and fueled by a need to stimulate economic growth, create jobs and enhance revenues, state tax incentives such as income tax credits, cash rebates, exclusions, and sales tax relief are being utilized. This paper examines the growth of film industry tax incentives and questions whether the economic benefits derived by these incentives exceed the states' investment in subsidizing film production projects.
Download or read book Film and Television Production written by and published by . This book was released on 2014 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Film TV Tax Incentives in the U S written by Glenda Cantrell and published by . This book was released on 2018 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Entertainment tax incentives are one of the greatest tools in the arsenal of filmmaking. They pay a portion of production expenditures back to the filmmaker, while creating powerful economic engines for the states who implement them properly. They are high in the list of considerations for executives to sign off before a movie receives the go-ahead for production, even to the point of dictating the location of where a production is filmed. Yet, they are misunderstood by the filmmakers who use them, the politicians who create them, the economists who measure them, and even the scholars who study them. This book puts all the pieces together in a comprehensive look at how the entertainment industry works, how it uses incentives, and how incentives can benefit a filmmaker - or a state.
Download or read book Film and TV Production written by Michael H. Salama and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "... provides a comprehensive analysis of the revenue recognition, basis recovery issues and federal incentives applicable to the media and filmed entertainment industry. This Portfolio begins with an overview of the evolution of film production over time and provides a glimpse into the broadcast and cable network television business. The Portfolio continues with an extensive discussion of tax ownership (and common financing and production transactions) and relevant copyright law guidance and topics. The Portfolio then provides a primer on revenue recognition, addressing common fact patterns and issues associated with theatrical film distribution, home video and sales/returns, and other matters. The section was tailored to frame the subject in a manner useful to various types of content producers, licensors and distributors. The Portfolio also addresses the Extraterritorial Income Exclusion and its relevance to media and entertainment companies. The Portfolio then addresses tax basis topics and launches into an analysis of depreciation methods applicable to production properties, including the amortization of intangibles under [section] 167, the history, evolution and application of the income forecast method of depreciation, the amortization of [section] 197 intangibles and basis recovery for abandoned property (including pre-development costs). This Portfolio also covers in detail [section] 181, a federal incentive designed to deter runaway (i.e., non-U.S.) production, and which provides a current deduction for production costs paid or incurred for qualified film and television production. The Portfolio similarly addresses [section] 199 as relevant to the film production (theatrical, free-TV, pay-TV, home video, etc.) and distribution industry. The Portfolio also addresses the recovery of software development and research expenses (and research credit eligibility) with a similar focus and discusses the manner in which certain production incentives might be accounted for under Generally Accepted Accounting Principles ("GAAP"). This Portfolio closes with a discussion of the pertinent issues involved in the disposition of film assets, which is equally applicable to video games, on-line content, and television content."
Download or read book HOW the HELL Do I Get My Film Financed written by Ricky Margolis and published by . This book was released on 2020-06-22 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: An informative and educational book offering an in-depth look at tax incentives in the entertainment industry, particularly looking at topics including: what tax incentives are; how they came to be so prominent in the world of film and TV production; the different types of tax incentives (tax credits, tax rebates etc.); how to calculate the advantage a production can gain from a tax incentive; comparing tax incentives in different regions and jurisdictions; how to choose the best tax incentive for each production; how to cash-flow a tax incentive (ie. raise money using a tax incentive as collateral); how to select your location (whether or not it has a tax incentive); when you might be better off going to a location that does not have a tax incentive; governmental structures that encourage investment that exist in different areas and jurisdictions; other benefits of a location besides tax incentives; and much more. This book is part of the "HOW THE HELL..." series of books, and specifically part of the series on film and TV financing titled "HOW THE HELL... DO I GET MY FILM FINANCED?", all written by Ricky Margolis.
Download or read book Do Tax Incentives Affect Business Location and Economic Development written by Patrick Button and published by . This book was released on 2019 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: I estimate the impacts of recently-popular U.S. state film incentives on filming location, film industry employment, wages, and establishments, and spillover impacts on related industries. I compile a detailed database of incentives, matching this with TV series and feature film data from the Internet Movie Database (IMDb) and Studio System, and establishment and employment data from the Quarterly Census of Employment and Wages and Country Business Patterns. I compare these outcomes in states before and after they adopt incentives, relative to similar states that did not adopt incentives over the same time period (a panel difference-in-differences). I find that TV series filming increases by 6.3 to 55.4% (at most 1.50 additional TV series) after incentive adoption. However, there is no meaningful effect on feature films, and employment, wages, and establishments in the film industry and in related industries. These results show that the ability for tax incentives to affect business location decisions and economic development is mixed, suggesting that even with aggressive incentives, and "footloose" filming, incentives can have little impact.
Download or read book A Report on the Massachusetts Film Industry Tax Incentives written by Massachusetts. Department of Revenue and published by . This book was released on 2008 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Framing Success written by Jess Main and published by . This book was released on 2010 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Connecticut and Alaska Film Tax Credit Programs written by John Rappa and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses Connecticut's and Alaska's film production tax credits.
Download or read book Italian Tax Incentives for Film Industry written by Francesca Medolago Albani and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The national approach to public funding of the film industry has been subject to a shift in recent years, at an international level, moving from a grant and subsidy scheme towards more automatic form of supports, including tax incentives. The paper aims at analysing the impact of the new tax credit measures for the Italian film industry, introduced in 2008, within the framework of the 2007 financial law, and in force since the third quarter of 2009. The impact is evaluated on both the domestic film production companies and on the State accounts level. The measure of tax credit for film with cultural requirements provides the film production company with the possibility of offsetting its tax debt (national and regional income tax, VAT, social contribution and costs) during the production, within a cap of 15% of total eligible costs. Starting from the data collected and processed by the Ministry of Culture since the beginning of the implementation phase, the paper aims at demonstrating the positive balance for the State determined by the increase of private investments on film with cultural requirements and, consequently, of the induced direct and indirect tax return. A brief description of the measure will be followed by a comparison of the incremental value produced by the film sector throughout the year following the enforcement of the tax credit measures.
