Texas Film Tax Credits | Entertainment Tax Credits in Texas | Film Tax Credit in TX
Film Production Capital provides tax credit-based financing for films in Texas, 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 Texas film tax credits below.
Minimum Texas spending of $250,000 (for episodic television series, $250,000 per season).
At least 60% of shooting days must be completed in Texas.
At least 70% of the total number of paid crew must be Texas residents.
At least 70% of the total number of paid cast, including extras, must be Texas residents. (Cast requirement does not apply to reality television and talk show projects.)
OPTION A - TOTAL TEXAS SPENDING - Projects with total Texas spending of:
At least $250,000 but less than $1 million will be eligible to receive a payment equal to 5% of eligible Texas spending.
At least $1 million but less than $5 million will be eligible to receive a payment equal to 10% of eligible Texas spending.
At least $5 million will be eligible to receive a payment equal to 15% of eligible Texas spending.
Requires extensive documentation which can delay payment.
OPTION B - WAGES PAID DIRECTLY TO TEXAS RESIDENTS - Projects with total Texas spending of:
At least $250,000 but less than $1 million will be eligible to receive a payment equal to 8% of wages paid directly to Texas residents.
At least $1 million but less than $5 million will be eligible to receive a payment equal to 17% of wages paid directly to Texas residents.
At least $5 million will be eligible to receive a payment equal to 25% of wages paid directly to Texas residents.
Only requires Texas resident wage documentation so review and payment of incentive is quicker.
UNDERUTILIZED OR ECONOMICALLY DISTRESSED AREAS
Projects that complete at least 25% of their total shooting days in an underutilized or economically distressed area of Texas are eligible to have an additional amount added to their incentive payment percentage.
Projects choosing to have their incentive amount calculated based on Option A - Total Texas Spending are eligible to receive an additional 2.5%.
Projects choosing to have their incentive amount calculated based on Option B - Wages Paid Directly to Texas Residents are eligible to receive an additional 4.25%.
Reality television or talk show projects are eligible to receive an additional 2.5%.
Stand-alone post-production incentive as well, regulations to be posted.
NOTE: The incentive can be denied for productions deemed to contain inappropriate content or content that portrays Texas or Texans in a negative light. Lack of clear regulations on this rule has the potential for arbitrary results.
If you are interested in obtaining more information about our services in Texas, or any other state, please call us at 1-866-454-9205 or email us at info@filmproductioncapital.com.
Texas Film Commission: www.texasfilmcommission.com
Incentives Information: http://governor.state.tx.us/film/incentives/overview
