|Incentive Type||Transferable Non-Refundable Tax Credit|
|Above the Line Residents||10-30%|
|Above the Line Nonresidents||10-30%|
|Below the Line Residents||10-30%|
|Below the Line Nonresidents||10-30%|
$100,000 minimum instate spend; tax credit amount depends on the amount of qualifying production expenses per project:
- 10% for qualifying production expenses of $100,000 to $500,000
- 15% for qualifying production expenses of $500,001 to $1 million
- 30% for qualifying production expenses over $1 million
50% of principal photography days or 50% of post-production expenses must occur in Connecticut.
|Loanout Registration Required||Yes|
|Annual Funding Caps||None|
There is a suspension on Theatrically released feature films as an eligible production type . However TV movies can still apply. However ***Exceptions can be made. - The moratorium on film and digital media production tax credits for certain motion pictures has been made permanent as of 2018
Eligibility Applications must be submitted on an annual basis.
All loan-out companies must register with the Connecticut Department of Revenue Service (DRS) and provide Confirmation of Registration issued by the DRS; loan out companies are required to register with the Connecticut Secretary of the State.
Tax Credit has a carry forward of 3 years
Tax credit vouchers may be sold, assigned, or transferred to one or more taxpayers, in whole or in part, up to a maximum of 3 times as long as the tax credit has not been claimed previously.
easiest way to fully capitalize on the 100% transferability is to have a C Corp in CT.
Last updated: 10/20/2016
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 [email protected].