State-by-state production incentives
Virginia
| Virginia | |
| Incentive Type | Refundable tax credit |
| Incentives Highlights | Credit of 15%, plus 5% if in economically distressed area. Additional credit of 10% to 20% of payroll of VA residents. |
| Eligible Projects | Films, television pilots, series, videos |
| Minimum Spend | $250,000 |
| Production Cap or Annual Cap | $2.5 million – goes up to $5 million in 2012. |
| Application/Reporting Requirements | Must apply prior to the start of production. |
| Loan-Out Reg Required? | No |
| CPA Audit? | No |
Virginia Film Office
Rita McClenny, Film Commissioner
rmcclenny@virginia.org
t: (800) 854-6233
t: (804) 545-5530
f: (804) 545-5531
www.film.virginia.org
Vermont offers an exemption from the 6.9% sales tax for all direct production expenses, which are defined as costs essential to the production of a film. A lamp that appears in the film qualifies; a lamp for the production office does not.
A 9% accommodations tax is waived if the room rental is for 31 days or more, and must be contracted in advance.
Non-resident performer’s income tax is limited to that of their home state, or the Vermont rate, whichever is lower. There is an on-line resource database. Recent legislation has been introduced to create a transferable tax credit which the Incentives Office helped support.