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Tuesday, December 29, 2009

Tax Incentives to Produce Movie Cincinnati/Northern Kentucky


Incentives
HOTELS

*

We offer everything from the most upscale penthouse suites to the economical, yet well-suited rooms. The Film Office will help you find the most for your money with our in-office database of every hotel in the region, based on the size, amenities and price you need. For big projects, we¹ll fax out your bid request and guide you through the maze of returns. If your budget is limited we will assist you with dormitory type housing. With dozens of new hotels in Greater Cincinnati and Northern Kentucky, we will help you meet any of your housing requirements with a variety of styles, prices and locations.

ROOM TAX

* After 30 days, one is no longer considered transient, so you get back all 10.5% room tax.

SALES TAX

* Kentucky’s program entitles eligible motion picture and television production companies to a refund of 6% sales and use tax on expenditures made in connection with the production.

LONGER SHOOT DAYS

* We are on the far western edge of the Eastern Standard Time Zone. That means the sun sets much later here. In summer months, sunset is around 9:30 pm. More daylight at the time of day you most need it.

PERMIT FEES

* The City of Cincinnati requires a permit and insurance, but no fee. Some parks and public spaces require minimal fees. The City of Newport requires only a license, and the City of Covington requires a permit and fee. The Film Commission facilitates all communications and meetings regarding permits and street and bridge closure. Just ask us and we’ll take care of everything you’ll need for your particular location.


TAX CREDIT (OH)

The recently passed Film Tax Credit, strongly advocated by the Cincinnati Film Commission, encourages production activity across the state of Ohio through a refundable credit against the corporation franchise or tax credit for “motion pictures,” including (but not limited to):

* Feature Length Films
* Documentaries
* Long-form, Specials, Miniseries, Series and Interstitial Television Programming
* Videos
* Music Videos
* Sound Recordings
* Interactive Websites, Televisions and Games
* Videogames
* Commercials
* Any Format of Digital Media

Equal to 25% of non-wage and non-resident wage production expenditures and 35% of Ohio resident wage production expenditures, each motion picture can receive up to $5 million in credits per production. A total of $30 million in credits are available in the fiscal year 2010-2011, with $10 million available in 2010 and $20 million available in 2011.

TAX CREDIT (KY)

Kentucky recently joined the growing number of states with incentive programs in place for the film industry. Qualified productions can take advantage of either the sales tax refund incentive (still in place) or a newly created refundable income tax credit incentive of up to 20% of approved expenditures, including (but not limited to):

* Production Script
* Set Construction and Operations
* Wardrobe and Accessories
* Photography, Sound, Lighting and Related Services
* Editing
* Food and Accommodations
* Vehicle Leases
* Lease or Property Rental in KY as a Set Location

The incentive is available to feature films or TV shows spending at least $500,000, commercials with minimum expenditures of $200,000 and documentaries spending a minimum of $50,000 in the state of Kentucky. All applications will be reviewed and approved by the KY Film Office, Secretary of the Tourism, Arts & Heritage Cabinet, the Finance and Administration Cabinet and the Kentucky Tourism Development Finance Authority.

Credits: Cincinnati & Northern Kentucky Film Commission

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