Type of Incentive | Transferable Tax Credit |
Incentive Amount | 20% base (commercials are not eligible for the 10% GED uplift) |
Residency | Both residents and non-residents can qualify |
Minimum Spend | $500,000 |
Production Cap | None |
Salary Cap | $500,000 for W-2; No caps for Form 1099 contracted services or loan-out corporations |
Annual Cap | None, no sunset clause |
Application Timeline | Only a production company may apply. In the case of co-productions, a written agreement must spell out who is to receive the credit. |
Loan-Out Registration | Yes |
Loan-Out Withholding | 6% |
CPA Audit | Recommended. GDOR audit eliminates recapture provisions, provides higher market rate on transfer |