|Type of Incentive||Tax credit; non-refundable; transferable; 3 year carry forward|
|Benefit Details||10% of qualified spend in state of $100,000 – $500,000; 15% for spend in state of $500,000 – $1,000,000; 30% credit for spend in state over $1,000,000. Film projects must meet a 50% local principal photography requirement, or 50% of post-production costs within the state, or expends not less than $1,000,000 in post-production costs within the state.|
|Minimum Local Spend||$100,000|
|Loan-Out Company Considerations||Loan outs must register with the Secretary of State. The production company must provide confirmation that the loan out has registered to withhold CT income tax as an employer.|
|Additional Exemptions||Hotel Occupancy Tax Relief Available.
Sales & Use Tax Relief Available.
|Qualified Production Expenditures||Incurred in State; In-State Vendors; Fringes Paid for Qualified Labor; Taxes Paid for Qualified Labor. Contact us for more details.|
|Qualified Labor||Resident and Nonresident; Above the Line and Below the Line. Star talent labor limited to aggregate of $20,000,000 and compensation subject to CT tax. Contact us for more details.|
|Film Commission||Office of Film, Television & Digital Media
Connecticut Dept of Economic and Community Development
505 Hudson St
Hartford, CT 06106
George Norfleet, Director
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.