North Carolina Film Tax Credits | Entertainment Tax Credits in North Carolina | Film Tax Credit in NC

Film Production Capital provides tax credit-based financing for films in North Carolina, 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 North Carolina film tax credits below.

North Carolina Highlights:
• Refundable income tax equal to 25% (Effective rate 23.275% adjusted for corporate tax) of all goods, services, and labor purchased and used in-state.
• Labor up to $1 Mil per person.
• $250K minimum spend, $7.5 Mil cap per production.
• Nonresident labor included if NC tax withheld, loan-outs pay 4% withholding.
• Per diems not included unless subject to taxable withholding.
• Purchases of goods over $25K only qualify for the price minus FMV at the end of production.
• No annual cap.
• 7% sales tax reduced to 1% with $80 limit per item, lodging tax reimbursed after 90 day stay.

EFFECTIVE JANUARY 1st, 2010
• 23.275% (25% credit, but subject to corporate tax) refundable credit, goods, services and labor acquired and used in and subject to NC tax.
• Same limitations as the 15% program above.
• If production has expenditures in 2009 and 2010, credits are accumulated at 15/25% level based on when they were incurred.

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

North Carolina Film Office: www.ncfilm.com
Incentives Information: http://www.ncfilm.com/incentives-benefits/nc-film-incentive.html