The Maryland film tax incentives program features two distinct tax incentives for production companies. The first tax incentive allows a qualified production company to claim a rebate in an amount up to 25% of the total qualifying direct costs from the Maryland Film Production Rebate Fund. An exemption from the 6% state sales & use tax is also available to qualified feature, television, cable, commercial, documentary, music video, etc., projects. KPM Film Credit Associates can help you get the most from the generous Maryland film tax incentive program.
Maryland Film Tax Incentives and Information
|Type of Incentive||Tax credit; refundable; non-transferable|
|Benefit Details||25% of qualified spend in state for film; 27% of qualified spend in state for television series. At least 50% of total filming must be done in state.|
|Minimum Local Spend||$500,000|
|Loan-Out Company Considerations||Subject to all state withholding requirements. Production company must provide film office with list of all loan-out companies paid in connection with the film.|
|Additional Exemptions||Sales & Use Tax Relief Available|
|Qualified Production Expenditures||Incurred in State; In-State Vendors; Out-of-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; Individuals receiving wages exceeding $500,000 are excluded from qualified spend. Contact us for more details.|
|Sunset Date||June 30, 2016|
|Film Commission||Maryland Film Office
401 East Pratt Street, 14th Floor
Baltimore, MD 21202Jack Gerbes
The Maryland Film Tax Incentives Program
At KPM Film Credit Advisors, we understand the Maryland Film Production Activity Tax incentives and can help you better understand the benefits of this unique tax incentives program. Call us today at (781) 849-5357 and see if we can help you capitalize on the generous tax incentives and credits programs available in Maryland or similar states throughout the U.S.
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.