States with the Best Film Tax or Cash Incentives in the USA

The United States is home to a thriving film industry, attracting countless filmmakers and production companies from all over the world. One significant factor contributing to this success is the availability of film tax incentives or cash rebates provided by various states. In this list, we will explore some of the states that offer the best film tax or cash incentives in the USA, allowing filmmakers to save money, enhance their production budgets, and bring their creative visions to life.

1. Georgia:
Georgia has emerged as one of the leading states for film production due to its generous tax incentives. Known as the “Camera Ready” state, Georgia offers a flat 20% transferable tax credit for qualified production expenditures. This incentive has attracted major film and television productions, making Georgia one of the most popular locations in the country.

2. Louisiana:
Louisiana has a long-established reputation for supporting the film industry through its competitive film tax incentives. The state offers a 30% transferable tax credit on qualified in-state expenditures, with an additional 5% incentive for Louisiana resident labor. This incentive has resulted in a significant influx of film and television productions, boosting the local economy and creating job opportunities.

3. New Mexico:
New Mexico’s film tax incentives are known for their flexibility and attractiveness to filmmakers. The state offers a 25% refundable tax credit on qualified in-state expenditures, including both production and post-production costs. New Mexico also has a streamlined certification process, making it easier for filmmakers to access these incentives and kickstart their projects.

4. New York:
Known as the heart of the American film industry, New York has a robust film tax credit program that attracts both domestic and international productions. The state offers a 30% tax credit on qualified production and post-production costs, with an additional 5% incentive for projects filmed in certain areas outside of New York City. With its diverse locations and world-class production facilities, New York remains a top choice for filmmakers.

5. California:
California, home to Hollywood, recognizes the importance of film tax incentives in maintaining its status as a global film industry hub. While the state’s program has evolved over the years, it still offers a competitive 20% tax credit on qualified production expenditures. Additionally, California has a separate 25% tax credit program for productions that meet criteria related to job creation and production spending.

6. Massachusetts:
Massachusetts has steadily gained popularity among filmmakers due to its attractive film tax incentives. The state offers a 25% transferable tax credit on qualified production and payroll expenditures, with an additional 5% credit for hiring local production personnel. Massachusetts also provides a sales tax exemption on production purchases, further enhancing the cost-effectiveness of filming in the state.

When it comes to film tax incentives or cash rebates, several states in the USA stand out for their commitment to supporting the film industry. Georgia, Louisiana, New Mexico, New York, California, and Massachusetts offer substantial incentives that have attracted a wide range of film and television productions. These incentives not only save filmmakers money but also contribute to local economies, create job opportunities, and foster a vibrant filmmaking community. As the film industry continues to evolve, these states will likely remain at the forefront, ensuring the USA remains a premier destination for filmmakers worldwide.

Why isn’t Utah on this list?

The Cap.

Although the incentive is allowed several million, other states either have a much higher cap or no cap at all. If the film incentive cap was removed, Utah would be a prime contender for the best film tax or cash incentives in the USA.