Colorado CO based company
$100,000 minimum spend ONLY for a production company that originates in Colorado
Crew base must be made up of at least 50% of Colorado residents;
Production must be at least 80% funded or show proof of financing.
|Loanout Registration Required||Yes|
|Loanout Withholding||Yes, 4.63%|
|Annual Funding Caps||$2,000,000|
Production shall submit application prior to beginning production
activities in the state for the project the production company is seeking the incentives for. You must include a statement of intent by the production company to produce a film in Colorado for which the production company will be eligible to receive the incentive. The production company shall submit any documentation stating the projected qualified local expenditures
For those companies seeking the CO based incentives; the CO based companies must provide documentation that the production company meets the definition of 'originates" by showing copies of income tax forms, proof of voter registration, or utilities bills.
Production must enter in a contract with in line with the CO "Procurement code" in order for the Film office to issue on the incentive.
CO now has a recapture for the credits
Salaries and wages for residents and nonresidents qualify if subject to income tax withholding .
The Declaration of Colorado Residency forms may be submitted with the Film Incentive Proof of Performance.
The Colorado Film Office may provide loan guarantees of up to 20% of the entire production budget. Contact the Film Office for more information.
Last updated: 04/20/2018
Production Incentive Disclaimer
The encapsulated production incentive information on this page is provided for general purposes only and should not be construed as tax advice. While we do our utmost to keep all information up to date, production incentives change often. The best source for incentive details is the film office itself. For more explanation or detail about the production incentive described here, please contact our resident production incentives expert at firstname.lastname@example.org.