Minnesota

Minnesota Film Tax Credits
2

Type of Incentive Rebate; refundable; non-transferable

 

Benefit Details 20% rebate of qualified spend in state if any of the three following criteria are met: production spends in excess of $5 million within 12 months of project certification; three of the five highest paid positions are residents; production spends at least 60% of the total production budget OR shoots 60% of production days outside of the metropolitan area.

15% rebate for all other qualified productions.

 

Feature films must be > 80 minutes and ≥ 60% of principal photography days must occur in Minnesota OR ≥ 60% of total production budget must be spent in Minnesota;

 

TV Pilots must spend at least 60% of total production budget in Minnesota;

 

Documentaries must have a minimum budget of $200,000, of which at least 60% must be spent in Minnesota ;

 

Post production must have budget of at least $75,000, of which at least 60% must be spent in Minnesota

 

Project Cap None

 

Annual Cap None

 

Minimum Local Spend $120,000 for documentaries; $45,000 post-production budget; none other noted

 

Loan-Out Company Considerations Loan outs must be incorporated in Minnesota and owner of the loan out must be a Minnesota resident.

 

Additional Exemptions Hotel Occupancy Tax Relief Available;

Sales & Use Tax Relief Available;

$1 million two-year grant available for residents creating production that promotes MN cultural heritage

 

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, Above the Line and Below the Line.  Contact us for more details.

 

Sunset Date June 30, 2015

 

Film Commission Minnesota Film and TV Board
401 North Third St, Suite 440
Minneapolis, MN 55401

Jill Johansen, Snowbate Administrator
612.767.0095
jill@mnfilmtv.org

 

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.