October 31, 2024

Halloween & Film Tax Credits: Is That a Thing?!

Courtesy of Freepik.com

Halloween is one of the most anticipated holidays by our youth! But adults don’t have much to look forward to other than stopping the kiddos from over-indulging. In the spirit of giving to our clients, BANKABLE is excited to share information about film tax credits in jurisdictions where some of the scariest movies have been filmed! Grab your popcorn, take a few minutes away from the Halloween shenanigans and learn about the incentive jurisdictions below!

Movie	Filming Location/Incentive Jurisdiction
Halloween Nightmare on Elm Street	CALIFORNIA Type of Incentive: Non-refundable Tax Credit (Studio Projects) Transferable Tax Credit (Indie Projects & Relocating TV) Incentive Percentage: 20% - 30% Minimum Spend: $1M per film, pilot or episode Funding Cap: $330M per Fiscal Year Qualified Costs: (i) BTL Labor and (ii) CA Vendor Spend Loan-out Withholding/Registration: N/A Audit Required: Yes Screen Credit: Yes Sunset Date: 6/30/2030 Contact for the Incentive: www.film.ca.gov
Friday the 13th	NEW JERSEY Type of Incentive: Transferable Tax Credit Incentive Percentage: 30% - 37% Minimum Spend: $1M per project or 60% of Total Spend in NJ Funding Cap: $100M per Fiscal Year Qualified Costs: (i) ATL/BTL Labor and (ii) NJ Vendor Spend Loan-out Withholding/Registration: 6.37% Withholding; Registration required Audit Required: Yes Screen Credit: Yes Sunset Date: 6/30/2039 Contact for the Incentive: www.njeda.gov/film
The Shining	OREGON Type of Incentive: Rebate Incentive Percentage: 6.2% - 30% Minimum Spend: $1M per project Funding Cap: $20M per Fiscal Year Qualified Costs: (i) ATL/BTL Labor and (ii) OR Vendor Spend Loan-out Withholding/Registration: N/A; Registration required Audit Required: Yes Screen Credit: No Sunset Date: 12/31/2039 Contact for the Incentive: www.oregonfilm.org
Texas Chainsaw Massacre	TEXAS Type of Incentive: Grant Incentive Percentage: 5% - 22.5% Minimum Spend: $250k per Film/TV project or $100k per Commercial/Video Games Funding Cap: $200M per Fiscal Year Qualified Costs: (i) Resident Labor and (ii) NJ Vendor Spend Loan-out Withholding/Registration: N/A Audit Required: No Screen Credit: Yes Sunset Date: N/A Contact for the Incentive: www.texasfilmcommission.com
The Exorcist	WASHINGTON, D.C. Type of Incentive: Rebate Incentive Percentage: 21% - 35% Minimum Spend: $250k Funding Cap: Discretionary Qualified Costs: (i) ATL/BTL Labor and (ii) DC Vendor Spend Loan-out Withholding/Registration: N/A Audit Required: Yes Screen Credit: Yes Sunset Date: N/A Contact for the Incentive: www.entertainment.dc.gov

If you are considering filming the next big horror project or have any questions about the aforementioned incentive jurisdictions, hit us up and let’s talk.

Happy Halloween!