MINNESOTA FILM INCENTIVE PROGRAM HIGHLIGHTS
Minnesota usually hosts smaller productions with an emphasis on the unique locations provided by the state. The incentive program consists of a cash rebate rather than a tax incentive.
The Minnesota film tax credit ranges from 20% to 25%, increasing with qualified Minnesota spending with a minimum of $100k. Productions must utilize Minnesota vendors for qualifying costs. Nonresident above-the-line talent, director and producer payments are limited to $100k per person eligible for the rebate.
The rebate program has no project cap and no sunset date. Applications are required to be submitted 3-6 months before the start of principal photography in the state. Additionally, the state provides a post-production credit for 20-25% based on a minimum spend of $50k to $200k, respectively.
To learn more about Minnesota regulations and requirements, contact a KPM specialist today.