Jihlava IDFF to establish dedicated film fund for Central and Eastern European documentaries
Countries within Central and Eastern Europe (CEE) will soon have access to a new film fund, courtesy of the Jihlava International Documentary Film Festival.
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Paramount Pictures feature film scores biggest California tax credit to date
The California Film Commission has recently distributed USD100 million in tax credits across 22 different projects, one of which received USD22.4 million, the largest payout to date. Paramount Pictures received the record-breaking sum for an untitled feature film.
New Mexico film incentive could expand under new proposal
Representatives Daymon Ely and Bill McCamley have submitted a proposal (House Bill 192) that could increase the New Mexico film incentive fund from USD50 million to USD53.7 million. If successful, the increase would take effect from July onwards.
Thailand’s 20% cash rebate is now available
After officially being announced at the 2016 Cannes Film Festival, Thailand’s cash rebate incentive is now accessible to the public. Feature films and television shows shooting in Thailand from January 2017 onwards can now receive a 20% cash rebate on qualifying expenditures.
25% cash rebate incentive headed for Poland
The Polish Ministry of Culture and National Heritage has agreed to implement a cash rebate programme to stimulate Poland’s audiovisual industry. Stemming from a fund of EUR22 million, the 25% cash rebate will be available later this year.
Discussions begin as Washington film incentive nears expiry
Washington’s production incentive programme, which currently offers up to 30% in cash back on eligible expenditures incurred whilst filming, is set to expire this year. Discussions are now taking place over how to proceed with the incentive, regarding possible expansion or even retiring the programme entirely.
Federal film incentive, Section 181 axed by US Government
Section 181, a tax incentive on production employed at the federal level of the United States, has now been dismantled. The incentive stimulated domestic production by allowing filmmaking to be 100% tax deductible, a preventative measure against American productions being filmed abroad.
Oklahoma film incentive should be left to sunset in 2024, says report
The Incentive Evaluation Commission has filed a report, advising lawmakers to allow Oklahoma’s film incentive to sunset in 2024. While the report itself isn’t legally binding, it could influence lawmakers to cease funding for the incentive when the sunset date arrives.