Virginia

Virginia Film Tax Credit

Type of Incentive Tax credit; refundable; non-transferable
Benefit Details 15% of qualified spend in state (including labor) with a bonus 5% for filming in economically distressed area.Additional credit for resident labor as follows:

  • For in state spending between $250K and $1M, 10% of resident labor.
  • For in state spending over $1M, 20% of resident labor.
  • For first time industry employees who are residents, 10% of their labor.

 

The production is required to make its best faith effort to film at least 50% of principal photography days in state.

 

Project Cap None, at discretion of state.
Annual Cap $6,500,000
**$4,800,000 for biennium ending 6/30/16
Minimum Local Spend $250,000
Loan-Out Company Considerations None
Additional Exemptions Hotel Occupancy Tax Relief Available
Sales & Use Tax Relief Available
Qualified Production Expenditures Incurred In-State; In-State Vendors.  Contact us for more details.
Qualified Labor Resident and Nonresident; Above the Line, Below the Line.  First $1,000,000 of labor per employee is qualified.  Contact us for more details.
Sunset Date December 31, 2018
Film Commission Virginia Film Office
901 East Byrd St
Richmond, VA 23219Andrew Edmunds, Director
aedmunds@virginia.org
800.854.6233
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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.