Update on North Carolina Film Incentive Program

RELEASE FROM THE NC FILM OFFICE:

In 2015, North Carolina will implement its new Film and Entertainment Grant program.

Capped at $10 million, productions will be eligible to receive back up to 25% on their qualified in-state spending with a maximum award of $5 million available to feature films and television series and $250,000 for commercials. A minimum spend of $5 million for feature films, $250,000/episode for television series, and $250,000 for commercials is required.

A working draft of the guidelines for the new grant is now available for review. As indicated, this is a working document and is subject to change. The official guidelines will be posted January 1 with a public comment period taking place prior to the guidelines being finalized and the application being available. Please continue to check www.filmnc.com for the latest updates and information.

As a reminder, our current 25% refundable tax credit incentive is still available for all projects with a minimum spend of $250,000 for work and spending that takes place on or before December 31, 2014.

If you have any questions and/or we can be of further assistance, please do not hesitate to contact us.

Thank you,
The North Carolina Film Office
filmnc.com

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