|Incentive Type||Non-Transferable Refundable Tax Credit|
|Above the Line Residents||25-27%|
|Above the Line Nonresidents||25-27%|
|Below the Line Residents||25-27%|
|Below the Line Nonresidents||25-27%|
|Bonus||2% for qualified TV series, including pilots or miniseries|
$250,000 minimum instate spend; 50% of total principal photography days must be filmed in Maryland.
For "Maryland Small or Independent Film Entities"- $25,000 minimum instate spend; 50% of total principal photography days must be filmed in Maryland. But the project cap is reduced to $125,000
|Loanout Registration Required||No|
|Annual Funding Caps||$14,000,000|
Compensation Cap: an individual who receives more than $500,000 for personal services in connection with the film production activity will not qualify.
FISCAL YEAR 2021, $14,000,000;
FISCAL YEAR 2022, $17,000,000;
FISCAL YEAR 2023 AND EACH FISCAL YEAR THEREAFTER, $20,000,000.
The Secretary will allocate 10% of the total amount of credits for each fiscal year to put towards projects for "Maryland Small or Independent Film Entities".
“MARYLAND SMALL OR INDEPENDENT FILM ENTITY”
Is defined as a qualified production company that;
(I) has been incorporated in MD for at least 1 year
(II) is independently owned and operated;
(III) is not a subsidiary of another entity
(IV) is not dominant in its field of operation
(V) employs 25 or fewer full time employees
(VI) employs MD residents as at least 40% of its workforce in the film industry
Last updated: 05/31/2018
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 [email protected].