Nevada

Nevada Film Tax Credit

 

Type of Incentive Tax credit; non-refundable; transferable; 4 year carry forward

 

Benefit Details 15% of qualified spend in state (including resident labor).  Additional 2% if more than 50% of below-the-line personnel are residents and an additional 2% if more than 50% of filming days occur in an eligible county.

 

12% of nonresident labor in calendar year 2014 and 2015; 10% of nonresident labor in calendar year 2016; 8% of nonresident labor in calendar year 2017.

 

Project Cap $6,000,000

 

Annual Cap $10,000,000

 

Minimum Local Spend $500,000; 60% of total qualified production expenditures must be incurred in state.

 

Loan-Out Company Considerations None

 

Additional Exemptions Hotel Occupancy 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.  Labor qualified up to $750,000 for any one employee.  The total compensation for producers must not exceed 10% for resident producers and 5% of nonresident producers.

 

Sunset Date December 31, 2017

 

Film Commission Nevada Film Office

Charles Geocaris, Director
877.638.3456

 

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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.