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Incentives

Production Incentives Database

Incentive Type Transferable Non-Refundable Tax Credit
Spend 30%
Above the Line Residents 30%
Above the Line Nonresidents 30%
Below the Line Residents 30%
Below the Line Nonresidents 30%
Project Criteria $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 ; production company must be domiciled in Rhode Island.

OR

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
Loanout Withholding No
Annual Funding Caps $20,000,000
Project Caps 7000000
Minimum Spend $100,000
Sunset Date 06/30/2027
Audit Requirements
An audit by an independent, Rhode Island certified CPA is required.
Getting Started
Submit the Initial Application prior to the start of production; begin principal photography no more than 180 days from the start date on the initial certification letter.
Screen Credit Required
Yes
Company Registration
No
Sales Use Tax Relief
No
Hotel Occupancy Tax Relief
No
Local Vendors Qualify
Yes
Outside Vendors Qualify
No
Claiming Incentive
Credits are typically distributed within 90 days after the final application and supplemental material have been approved.
Additional Information
All cost must be paid at the time of the application for final certification.

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

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].