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Incentive hot spots.

Forty-two U.S. jurisdictions offer a dizzying array of tax credits, rebates and grants for film and TV production. At right: a snapshot of programs in 11 states and Puerto Rico that have pulled jobs from California, which set up its own program in 2009.

CALIFORNIA

nonrefundable/
nontransferable
tax credit for films
budgeted $75M or less
and basic cable shows   20%

nonrefundable/
nontransferable tax
credit for relocating
TV series               25%

transferable tax
credit for indie
films                   25%

Share of Total U.S. Production Wages

             2004     2011

All other
States        32%      41%

CA            68%      59%


$3 billion

Loss of Production Wages in California

(2004-2011)

90,000

Loss of Production Jobs in California

(2004-2011)

PUERTO RICO

20%-40%

transferable tax credit

Teen Beach Movie (Feature)

Fast Five (Feature)

Pirates of the Caribbean: On Stranger Tides (Feature)

HAWAII

20%-25%

transferable tax credit

Hawaii Five-O (TV Series)

Godzilla (Feature)

Lost (TV Series)

NEW MEXICO

25%-30%

refundable tax credit

Breaking Bad (TV Series)

Lone Ranger (Feature)

Thor (Feature)

MICHIGAN

20%-32%

cash rebate

Oz the Great and Powerful

(Feature)

Real Steel (Feature)

Scream 4 (Feature)

PENNSYLVANIA

25%-30%

transferable tax credit

After Earth (Feature)

Unstoppable (Feature)

The Last Airbender

(Feature)

MASSACHUSETTS

25%

transferable tax credit

R.I.P.D. (Feature)

The Judge (Feature)

The Equalizer (Feature)

NEW YORK

30%

production refundable tax credit

30%-35%

post refundable tax credit

The Tonight Show--2014

(TV Series)

America's Got Talent

(TV Series)

The Amazing Spider-Man 2

(Feature)

TEXAS

5%-29.5%

Grant

Transformers 4 (Feature)

Revolution: Season 2 TV Series)

Dallas (TV Series)

LOUISIANA

30%-35%

transferable tax credit

Fantastic Four (Feature)

Pirates of the Caribbean 5

(Feature)

Dawn of the Planet

of the Apes (Feature)

FLORIDA

20%-30%

transferable tax credit

Dolphin Tale 2 (Feature)

Burn Notice (TV Series)

The Glades (TV Series)

GEORGIA

20%-30%

transferable tax credit

Hunger Games: Catching

Fire (Feature)

The Walking Dead (TV Series)

Tyler Perry Projects (TV Series and Features)

NORTH CAROLINA

25%

refundable tax credit

Revolution: Season 1 (TV Series)

Under the Dome (TV Series)

Iron Man 3 (Feature)

Refundable Tax Credit

Functions like a rebate that's claimed by filing a tax return.

Transferable Tax Credit

Can be sold to a local taxpayer, either directly or through a broker who charges a commission.

Nonrefundable/Nontransferable Tax Credit

Can be used to offset California income or sales tax liability.

Global Destinations

Big-budget Hollywood features are now routinely shot outside the U.S., lured by tax breaks and even hard cash offered by 32 foreign jurisdictions. These benefits often go to post and vfx work in addition to production. At right: key countries and Canadian provinces.

AUSTRALIA

16.5%-40%

refundable tax credit

The Great Gatsby

The Wolverine (Feature)

BRITISH COLUMBIA

39%

tax credit

Dawn of the Planet of the Apes (Feature)

The Grey (Feature)

GERMANY

20%

cash grant

The Book Thief

(feature)

HUNGARY

20%-25%

sponsor tax credit

Die Hard 5 (Feature)

MEXICO

7.5%

cash rebate

16%

VAT refund

Elysium (Feature)

QUEBEC

45%

tax credit

X-Men: Days of Future

Past(Feature)

SOUTH AFRICA

20%-25%

cash rebate

Chronicle (Feature)

Safe House (Feature)

SPAIN

25%

Maximum

negotiated credits

Wrath of the Titans

(Feature)

Fast & Furious 6

(Feature)

U.K.

20%-25%

refundable tax credit

Prometheus (Feature)

Fast & Furious 6(Feature)

Star Wars: Episode VII

(Feature)
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Title Annotation:DEEP FOCUS: RUNAWAY HOLLYWOOD; tax incentives for television production
Publication:Variety
Geographic Code:1U9CA
Date:Aug 26, 2013
Words:546
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