California Film Tax Credit

Producing a film in California makes sense for so many reasons; the proximity to studios, the availability of labor, resources, the various natural and regional backdrops, and, of course the California film tax credit. KPM Film Credit Advisors can help you get the most out of the California Film & Television Tax Credit Program and get up to a 25% tax credit for productions in California. Below are some simple guidelines to help you decide if the California film tax credit programs is a good fit for your next production.

California Film Tax Credits and Information

California Film Tax Credit

Type of Incentive Tax credit; non-refundable; non-transferable (except for independent films); 5 year carry forward
Benefit Details 20% of qualified spend in state for features, MOWs, miniseries, and new television series; 25% of qualified spend in state for relocating TV series and independent films. Only productions with 75% or more of production days or production budget within the state are eligible.
Project Cap None, however feature film budget cap of $75,000,000 and independent film budget cap of $10,000,000
Annual Cap $100,000,000 per fiscal year
Minimum Local Spend Minimum budget of $1M for features, independent films, or new TV series for Basic Cable; $500,000 budget for MOWs or miniseries
Loan-Out Company Considerations Payments to loan-outs qualify except for payments to non-qualified individuals. Fringes on loan-outs do not qualify.
Additional Exemptions Hotel Occupancy Tax Relief Available.
Sales & Use Tax Relief Available.
Qualified Production Expenditures Incurred in State; In-State Vendors; Out-of-State Vendors; Fringes Paid for Qualified Labor. Any costs prior to the credit allocation letter or 30 days after the final elements do not qualify. Dual producer and BTL on screen credit qualify up to $100,000. Contact us for more details.
Qualified Labor Resident and Nonresident, Below the Line. Contact us for more details.
Sunset Date June 30, 2015
Film Commission California Film Commission
7080 Hollywood Blvd, Suite 900
Hollywood, CA 90028Amy Lemisch, Director
323.860.2960Nancy Rae Stone
Tax Credit Program Director
323.860.2960
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Learn more about the California Film Tax Credit

Could the California film tax credit program be a good fit for your next project? KPM Film Credit Advisors knows the landscape and the players and can help you take maximum advantage of California film tax credits and incentives whether you are in-state or coming from out of state. Call us today at (781) 849-5357.

NOTE: This content has been prepared by Kevin P. Martin & Associates, P.C. for informational purposes only and should not be construed as tax advice or relied on for specific projects. Though every effort has been made to remain current, laws and incentives change and, therefore, this information may have been revised. Please contact us to confirm any laws or the effect of incentives on your project.