Virginia Commercial Production Incentives
Questions about the Virginia Incentive Program?
| Type of Incentive | Refundable tax credit |
| Incentive Amount | 15 - 40 % |
| Residency | Both residents and non-residents can qualify |
| Minimum Spend | $250,000 |
| Production Cap | None |
| Salary Cap | $1,000,000 per hire |
| Annual Cap | $6,500,000 program cap. Program sunsets January 1, 2022 |
| Application Timeline | Must apply at least 30 days prior to production. Must show best effort to shoot 50% in-state |
| Loan-Out Registration | No |
| Loan-Out Withholding | No |
| CPA Audit | Yes |