FILM AND ENTERTAINMENT GRANT LEGISLATION
In August 2014, Governor Pat McCrory signed the 2014-15 state budget, which included the allocation for a $10 million film and entertainment grant program. The program was established by Senate Bill 744, and accounts for productions to receive funds of up to 25% back of their qualified in-state spend.
REFUNDABLE TAX CREDIT LEGISLATION (now expired)
In 2010, Governor Bev Perdue signed into law House Bill 1973 and House Bill 713 that created a single 25% film refundable tax credit that raised the per project cap to $20M while eliminating the 6.9% corporate income tax on the tax credit.
In 2012, Governor Perdue signed into law Senate Bill 847 that extended the sunset date of the refundable tax credit program to January 1, 2015.