|Incentive Type||Transferable Non-Refundable Tax Credit|
|Above the Line Residents||30%|
|Above the Line Nonresidents||30%|
|Below the Line Residents||30%|
|Below the Line Nonresidents||30%|
$100,000 minimum instate spend; during production in Rhode Island film at least 51% of principal photography or spend at least 51% of the production budget and employ at least 5 separate individuals; production company must be domiciled in Rhode Island.
Any amount of production can be filmed in Rhode Island as long as a minimum spend of $10 Million dollars is spent in state within a 12 month period
|Loanout Registration Required||Yes|
|Annual Funding Caps||$20,000,000|
Project cap may be waived if the production is a feature-length film or television series, the requested credits do not exceed the remaining portion of the $15 million annual cap, and the production company meets all other conditions and requirements.
Loan-out companies are required to register with the Rhode Island Secretary of State and the Rhode Island Division of Taxation.
Rhode Island offers the Musical and Theatrical Production Tax Credit program to eligible applicants; 30% of the total production and performance expenditures and transportation expenditure may be awarded to qualified musical and theatrical production companies, not to exceed $7 million per project.
Carry forward for tax Credit is 3 years
Last updated: 03/20/2020
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