• Like Nevada Film Office on Facebook Follow Nevada Film Office on Twitter Watch and Subscribe to Nevada Film Office on YouTube Connect with Nevada Film Office on LinkedIn

View Full Sitemap

Transferable Tax Credit For Film and Other Productions

Effective: July 1, 2015

Incentive

ATL – 15% Resident, 12% Non-Resident

BTL – 15% Resident, 10% Non-Resident

Costs – 15%

Bonus

Bonus 1 – NV Resident 5%

Bonus 2 – Location 5%

Incentive Details

Transferable Tax Credit

  • 15% of the cumulative qualified production costs
  • 12% on wages, salaries, and fringe benefits to non-resident ATL personnel
  • 10% on wages, salaries and fringes for non-resident BTL personnel through December 31, 2015 (reduced to 8% in 2016, and are not included after January 1, 2017)

Bonus 1

Plus 5% of the cumulative qualified production costs if BTL residents > 50% of total BTL

Bonus 2

Plus 5% of the cumulative qualified production costs if > 50% of the filming days occurred in a NV county in which in each of the two years immediately preceding the date of application, qualified productions incurred < $10 million of direct expenditures

Carry Forward

Credit expires four years after tax credits issued

Transfer Rules

Must notify State prior to any transfer and before expiration date

Project Criteria

  • Qualified production costs in NV >= $500,000
  • total qualified production costs, including pre-production, incurred in NV >= 60%; if any qualified costs for post-production will be incurred in NV, then pre-production, production, and post-production costs incurred in NV >= 60%

What Qualifies

Pre-production, production, and post-production expenditures, including, but not limited to, compensation and wages to residents and non-residents and purchases and rentals of tangible personal property or services from a NV business on or after the date in which the applicant submits an application

Compensation Caps

  • NV resident producer compensation must be <= 10% of NV expenditures
  • Non-resident producer compensation must be <= 5% of NV expenditures
  • Per individual/loan-out corporation <= $750,000

Project Caps

$6,000,000 per production

Program Funding Cap

$10,000,000 in program funding; contact the office for current availability

Company Registration

Must register with the Nevada Film Office

Loan-Out Withholding

None

Loan-Out Registration

Not required

CPA Audit

Required from a CPA licensed in NV

Getting Started

  • proof that the project is in the economic interest of NV
  • proof of project financing in place; script, storyboard or synopsis
  • names of producer, director, proposed cast, estimated timeline to complete the qualified production
  • summary budget (including costs incurred outside of NV)
  • insurance certificate for > $1 million in general liability
  • NV business address for producer (can be local production office)
  • proof of Worker’s Compensation Insurance
  • proof of all required business licenses for each location
  • commencement of principal photography must begin no later than 90 days after the application is approved

Claiming Incentive

  • All accountings and other required documentation must be submitted not later than 90 days after completion of the qualified production
  • production of the qualified production must be completed within 18 months after the commencement of principal photography
  • CPA audit required
  • producer must elect type of qualified taxes to which the credit will be applied

Crew Base

Nevada Production Directory available in print and online

The following files require Adobe Reader. Please click here to download Adobe Reader.

Comments are closed.