Credits Click image to link to Entertainment Partners (no affiliation)
Geneva Media can effectively double (or triple) soft money credits offered by many local governments who incentivize media productions within their borders (e.g., Canadian and U.S. theatrical tax credits, incentives, labor cost recoupment credits, U.S. state sales tax discounts and U.S state service spending reimbursement). For more information, we suggested qualified professional firms like Entertainment Partners (no affiliation).
U.S. States & Jurisdictions (Labor --and Life & Health Benefit Costs) Click any of the U.S state acronyms here >> FL, NY, NM, OR, IL , OH or CA for studies of how credits improve economies ($1.00 of spending can create $1.04 to $5.40 of benefits). Illinois LEARN MORE AT https://www.youtube.com/watch?v=oNDT9TuCcGI Must use a L&H broker/agent and carrier/insurer domiciled within the state
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California
Must use a L&H broker/agent domiciled within the state
Connecticut
Must use a L&H broker/agent and carrier/insurer domiciled within the state
Florida
Must use a L&H broker/agent domiciled within the state
Georgia
Must use a L&H broker/agent domiciled within the state
Hawaii
Must use a L&H broker/agent domiciled within the state
Louisiana
Must use a L&H broker/agent and carrier/insurer domiciled within the state
Maryland
Ohio
Michigan
Must use a L&H broker/agent domiciled within the state
New Mexico
Must use a L&H broker/agent domiciled within the state
South Carolina
Must use a L&H broker/agent domiciled within the state
Pennsylvania
Must use a L&H broker/agent domiciled within the state
Puerto Rico
Must use a L&H broker/agent domiciled within the state
Click image to enlarge spreadsheet
Waiver of State Sales Taxes (Service, Use tax Reduction or Elimination)
Many U.S. states wave sales taxes, as well as room use, rental and service taxes for film and television productions taking place within the state lines and using state domiciled businesses.
Combined State --and Local-- average sales tax rates in 2014. Source: Sales Tax Clearing House and TaxFoundation.org/Maps
Canadian Provinces & Territories (Labour Costs Only)
Canada only offers "labour" tax credits, but they can be as high as 65% (compared to US maximums of 45%). Insurance costs are not generally included as a tax-incentivized or qualified production expenditure. Unlike Canada's lack of reimbursement for L&H premium costs, U.S. states do consider CAIC reimbursable. Regardless, CAIC uses a salary bonus, so Canadian productions are no different than U.S. productions for increasing in tax credits.
Click above for information regarding Canada's provincial jurisdictions with up to 65% labor credits.
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