Incentives
North Carolina offers a 25% refundable tax credit . The 25% film incentive is in effect for a single production who report the qualified expenses on their tax return beginning with the taxable year 2011.
SUMMARY OF NORTH CAROLINA FILM INCENTIVE
|
Incentive |
25% refundable tax credit |
|
Per Project Cap |
$20 million (television series are not subject to per project cap) |
|
Minimum Spend |
$250,000 |
|
Annual Cap |
No cap |
|
Qualified Labor |
First $1 million of each resident & nonresident qualify |
|
Loan Out Withholding |
Yes. 4% |
|
Audit |
North Carolina pays for the audit |
|
Screen Credit Required |
Yes |
|
Qualifying Expenses |
Goods / Services / Compensation & Wages / Production-Related Insurance / Fringes / Per Diems / Living Expenses & Stipends |
|
Qualifying Productions |
Feature Films / Direct-to-Video / Episodic Television Series / Movies of the Week / Television Mini-Series / Reality Television / Commercials / Documentaries / Animation Productions / Webisodes |
|
Application |
File Intent to Film online form prior to start of production |
|
State-Owned Property |
Fee-free usage |
|
Sunset Date |
January 1, 2015 |
|
Enacted Bill Numbers |
H 1973 (SL 2010-147); H 713 (SL 2010-89); S847 (SL 2012-194) |
Click here to download our incentive booklet and learn more about the 25% incentive
