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Find production companies, locations services, film equipment and camera rental companies, post production companies, film crew, and many more production services for your commercial, TV or film production in North Carolina, USA, including Charlotte, Raleigh, Wilmington, Durham and Chapel Hill.

USA

Tax Incentives - Useful tax information for filming in North Carolina, USA

Type of Incentive
25% Grant
Maximum Benefit

Up to a 25% rebate.

Compensation and Project Caps/ Funding Per Year

This program is administered on a first-come, first-served basis. This program is administered at the discretion of the Secretary of Commerce and what is viewed as the overall best return for the state. All applications that are submitted within a specific timeframe will be considered equally.

Grant Cap: $10M

Comp Cap: $1M per resident or non-resident

Project Cap: $5M per feature film; $5M per television series; $250,000 per commercial

What Qualifies

Generally, compensation for residents and non-residents subject to income tax withholding and payments to local vendors qualify. For goods with a purchase price > $25K, the amount included in qualifying expenses is the purchase price less the fair market value of the goods at the time the production is completed.

Sunset/Review
2020-07-01 00:00:00
Application Considerations

Prior to filming, the production company is responsible to fill out the Intent to Film Notification form via the NC Film Office (http://www.filmnc.com/intent-to-film.html) as well as the official NC Film and Entertainment Grant Application, available at www.nccommerce.com/film/incentives. Once the Dept. of Commerce has reviewed and approved the application a letter will be sent to the production confirming grant status and amount.

Application Considerations

It is the responsibility of the production to hire an NC-licensed CPA to conduct the financial audit after filming is complete. The NC Department of Commerce will review the CPA audit, and assess taxes owed to the NC DOR are paid first before any grant funding is issued.

Loan-Out Company Considerations

Registration: None.

Withholding: 4% withholding required. The production company's eligibility to claim the compensation in calculating the film credit is not contingent on the loan-out corporation filing an NC income tax return, in as much as withholding has been remitted .

Crew Base Considerations

4,000 crew members deep statewide. North Carolina is a right-to-work state.

Is Mappable
No
Has Incentive Program
No
You Should Know

Productions should plan for NOT allowing loan-out companies to register to do business in NC. Loan-out companies that do register will not be subject to NC income tax withholding by the production company or the payroll company. NC income tax withholding is required on loan-out compensation for such payments to count towards the NC film incentive. Depending on availability, the audit may be performed by an auditor based in Los Angeles.

Secreen credit required; logo to be provided by NC Film Office

EPPS Address

EUE/Screen Gems
1223 23rd St. North
Wilmington, NC 28405
Phone: 910.343.3535

Screen Credit Required
No
Project Criteria

Minimum local spend = $5M for feature films; $250K per episode for video or television series; $250K for commercials.

Commissioner

North Carolina Film Office | www.ncfilm.com
Guy Gaster, Director | Phone: 919.447.7800 | guy.gaster@ncfilm.com


Additional Benefit

Name
Hotel Tax Exemption

Cap

Project
5000000
Project
250000
Annual
10000000

Minimum Spend

Amount
5000000
Fine Print
"Feature Films"
Amount
250000
Fine Print
"Per episodic television series and commercials"

Features

Soundstages
Yes
Post Facilities
Yes
Water Tank
Yes
Beach
Yes
Bridges
Yes
Big City
Yes
Desert
No
Mountains
Yes
Historical Architecture
Yes
Southern
Yes
Tropical
Yes

Expenditure

In-State Vendors
NA
Out-of-State Vendors
NA
Fringes Paid
NA
Taxes Paid
NA

Qualified Compensation Expenditures

Animation
Yes
Award Shows
No
Broadway
No
Commercials
Yes
Documentaries
Yes
Feature Films
Yes
Game Shows
No
Industrials
Yes
Infomercials
Yes
Interactive Media and Video Games
No
Music Videos
Yes
News
No
Post-Production
Yes
Reality Shows
Yes
Scripted Shows
Yes
Soundtrack
Yes
Sporting Events
No
Talk Shows
No
Trailers
Yes
Visual Effects
Yes
Webisodes
Yes

Proposed Legislation

Identifier
S.L. 2015-241

These materials have been prepared by Entertainment Partners for informational purposes only and should not be construed as tax advice or relied on for specific projects. Though every effort has been made to remain current, laws and incentives change and, therefore, this information may have been revised. Please contact EP Financial Solutions or your legal or tax advisors to confirm any laws or the effect of incentives on your project.

Copyright © 2019 Entertainment Partners. All Rights Reserved.