Connecticut Film Tax Credits | Entertainment Tax Credits in Connecticut | Film Tax Credit in CT

Film Production Capital provides tax credit-based financing for films in Connecticut, as well as television, digital interactive media (video games), and all other qualifying entertainment productions. We are the largest purchaser/financier of entertainment tax credits in the country that specializes in independent productions. You can find some of the highlights involving Connecticut film tax credits below.

Connecticut Highlights:
• Nonrefundable, transferable (up to 3 times) credit on pre-production, production and post-production for expenses on goods and services used within the state.
• Productions spending between $100,000 and $500,000 are eligible for a 10% credit; between $500,000 and $1 million are eligible for a 15% credit, and productions spending over $1 million receive a 30% credit.
• $100K minimum spend.
• $20 Mil aggregate cap on talent salary or payment to loan-out.
• CT’s 12% hotel tax is waived after 30 days.
• Tangible property and sales tax exemptions for certain production-related purchases or leases.
• Credits cannot be used to offset personal income tax liability so demand is limited, which reduces value of credits.

For income year 2011, no more than 50% of the credits may be transferred in one year. Starting in 2012, only 25% may be transferred per year. These transfer restrictions may be waived if the production shoots a portion of the project at a CT qualified production facility, however.

If you are interested in obtaining more information about our services in Connecticut, or any other state, please call us at 1-866-454-9205 or email us at info@filmproductioncapital.com.

Film Division, Connecticut Commission on Culture and Tourism:
www.ctfilm.com
Incentives Information:
http://www.cultureandtourism.org/cct/taxonomy/taxonomy.asp?DLN=43531&cctNav=|43531|