State-by-state production incentives
Oklahoma
| Oklahoma | |
| Incentive Type | Rebate |
| Incentives Highlights | 15% rebate of qualified spend provided that 50% of more of the crew are residents, or a rebate of 10% if 25-50% of the crew are residents, and 5% if less than 25% of the crew are residents. The crew requirement is waived for budgets in excess of $5M, or if crew are not available. |
| Eligible Projects | Films, television pilots, series and commercials |
| Minimum Spend | $300,000, but budgets must be at least $500,000. |
| Production Cap or Annual Cap | $5M program cap for fiscal 2009. The state also provides a 25% profits tax credit, if profits are reinvested in another qualified state production. |
| Application/Reporting Requirements | If a film is not bonded, the rebate will be withheld until all OK crew and vendors have been paid, and no liens are in effect. |
| Loan-Out Reg Required? | Yes, out-of-state ATL qualifies only via a loan-out. |
| CPA Audit? | Yes |
Oklahoma Film & Music Office
Jill Simpson, Director
jill@oklahomafilm.org
t: (800) 766-3456
t: (405) 230-8440
f: (405) 230-8640
www.oklahomafilm.org
The Oklahoma Film Enhancement Rebate Program provides a rebate of 35% (plus a 2% bonus for local music) of documented expenditures made in Oklahoma directly attributable to the production of a film, television production or commercial. “Crew” includes ATL salaries paid to loan-out companies, provided they have registered to do business in the state, but cannot comprise more than 25% of the total rebated amount.
If a film is not bonded, rebate money will not be released until evidence is provided that all Oklahoma crew and vendors have been paid along with evidence that there are no liens against the production company in the state of Oklahoma.
The state also provides a bricks and mortar tax credit for film and digital facilities, providing $350,000 has been expended. This credit is not assignable and is non-transferable.
A comprehensive production guide is available online.
No funds are available until fiscal 2013, which starts July 1, 2012. Applications will be accepted beginning January 1, 2012.