- Type of Incentive
- 20%–30% Cash Rebate/Tax Credit
- Maximum Benefit
20%-25% wage rebate (20% non-resident, 25% resident)
30% South Carolina supplier rebate
20% Motion Picture Project Tax Credit (MPPTC)
20% Production/Post-Production Facility Tax Credit (P/PPTC)
- Compensation and Project Caps/ Funding Per Year
Incentive programs are not administered on a first-come, first-served basis. Projects receive priority and approval based on information contained in the application and other criteria.
Annual Cap: $10M for wage rebate and 26% of admissions tax collected for previous year for the supplier rebate; approximately $16M of funding available for fiscal year 2015.
Project Cap: None.
Comp Cap: None, but any salary >= $1M excluded.
For 20% Motion Picture Project Tax Credit: $100K per taxpayer.
For 20% Production/Post-Production Facility Tax Credit: total credits claimed by all taxpayers may not exceed $5M in a single qualified facility. Minimum investments in the facilities apply, contact Film Office.
- What Qualifies
Generally, compensation for each resident and non-resident earning less than $1M subject to income tax withholding counts toward the wage rebate. Payments to local vendors if product or service is taxable in SC count toward the supplier rebate.
MPPTC: Cash investment in the development or production of a single SC motion picture.
P/PPTC: Costs for the construction, conversion, or equipping, or any combination of these activities of a motion picture production or post-production facility.
20% Motion Picture Project Tax Credit: Cash investment in the development or production of a single SC motion picture.
20% Production/Post-Production Facility Tax Credit: Costs for the construction, conversion, equipping, or any combination of these activities of a motion picture production or post-production facility. Minimum investments in the facilities apply.
- Application Considerations
Production company registration is required. Fee = $500. Productions must apply 60 days prior to filming, and productions must be approved (response <= 15 days). Application must be stamped; no faxes or email.
- Application Considerations
SC provides auditor free of charge, and audit review occurs throughout the production. Rebate check provided approximately 30 days upon completion of state audit and compliance check.
- Loan-Out Company Considerations
Registration: Yes, if loan-out opts to perform withholding required for the individual's wages.
Withholding: Yes, if loan-out opts to not register and withholding taxes, then payroll company required to withhold taxes of 2%.
- Crew Base Considerations
Crew base of 1.5 crews. SC and NC are covered under the same IA, and crewmembers from either state work under a stipend agreement. South Carolina is a right-to-work state.
- Is Mappable
- Has Incentive Program
- You Should Know
MPPTC: All SC credits cannot reduce a taxpayer's income tax liability by > 50%.
P/PPTC: All SC credits cannot reduce a taxpayer's income tax liability by > 50%.
Sales And Use Tax Exemption: Must expend >= $250K within a consecutive 12-month period.
- Screen Credit Required
- Project Criteria
Minimum local spend >= $1M during tax year. For 20% Production/Post-Production Facility tax credit: minimum investment in production facility = $2M (exclusive of land costs) or minimum investment in post-production facility = $1M (exclusive of land costs). Contact Film Office.
South Carolina Film Commission | www.filmsc.com Tom Clark | Phone: 803.737.0498 | email@example.com
- Sales and Use Tax Exemption
- Hotel Tax Exemption
- Post Facilities
- Water Tank
- Big City
- Historical Architecture
- In-State Vendors
- Out-of-State Vendors
- Fringes Paid
- Taxes Paid
Qualified Compensation Expenditures
- Award Shows
- Feature Films
- Game Shows
- Interactive Media and Video Games
- Music Videos
- Reality Shows
- Scripted Shows
- Sporting Events
- Talk Shows
- Visual Effects
- South Carolina Code of Laws Unannotated §12-62; S.C. Code Ann. §12- 6-3570
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.
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