1. Feature Films (Non-Transferable Tax Credit)
* $70 million available

* Credit will apply to a maximum qualified spend of $100 million (no total budget cap)

2. Independent Films* (Transferable Tax Credit)
* $10 million available

* Credit will apply to a maximum qualified spend of $10 million (no total budget cap)

* Note: The definition of an Independent Film was clarified in the permanent regulations: “Independent film” means a production of a film with a running time of at least seventy-five (75) minutes intended for commercial distribution to a motion picture theater, directly to the home video market, directly to television, or via the internet. An independent film shall have a minimum budget of one million dollars ($1,000,000) and be produced by a company that is not publicly traded and a publicly traded company does not own, directly or indirectly, more than 25% of the producing company.
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Applicants should begin to prepare their budget and materials early. You will need a completed and tagged budget in order to fill out the application.

Be sure to carefully read the Budget/Tagging Instructions so that you can accurately tag your budget. Pay close attention to box rentals and car allowances. Non-Independents: Note that the methodology and tagging to determine out of zone “uplifts” have been modified.

Finally, applicants should prepare all materials listed in the Checklist as you will be required to submit these within three days if your application is selected.

Guidelines
Regulations
Budget, Tagging, & Tracking Tips
Qualified Expenditure Charts
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Frequently Asked Questions