The previous incentives offered, 15% on all Wages and 15%+ on Supplies. Now, the law allows film companies to be reimbursed 20 percent on payroll taxes for wages given to out-of-state people and 25 percent for state residents. Productions can also save up to 30% on the taxes spent at local business. BUT the breaks don’t kick in until a TV show or film spends $1 million.
We still have better incentives here in North Carolina, but SC is now more appealing than before. Check out the complete article from the Associated Press in the Star News.