Georgia Motion Picture License, Marketing and Distribution Agreement

State:
Multi-State
Control #:
US-IP1113
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Word; 
PDF; 
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Instant download

Description

This form is a Motion Picture License, Marketing and Distribution Agreement that grants a sole, exclusive and irrevocable right, for during the term of the agreement to exploit the motion picture via any of the outlined distribution means, to manufacture and have manufactured devices containing the motion picture, to conduct merchandising, to exercise any and all incidental rights relating to any of the foregoing, and to license, sublicense and otherwise authorize others to do any of the foregoing.

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  • Preview Motion Picture License, Marketing and Distribution Agreement
  • Preview Motion Picture License, Marketing and Distribution Agreement
  • Preview Motion Picture License, Marketing and Distribution Agreement
  • Preview Motion Picture License, Marketing and Distribution Agreement
  • Preview Motion Picture License, Marketing and Distribution Agreement
  • Preview Motion Picture License, Marketing and Distribution Agreement

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FAQ

Tax ? The Georgia film credit can offset Georgia state income tax. Carryforward ? Unused credits may be carried forward 5 years.

The Georgia Entertainment Industry Investment Act grants an income tax credit of 20% to qualified productions which include feature films, television movies or series, documentaries, commercials, and music video projects.

Each new job created may earn Job Tax Credits each year for 5 years. Value: The credit value depends on where the new jobs are located. Counties with the highest levels of economic distress are classified as Tier 1 counties and earn the highest credits: $4,000 per new job, per year, for 5 years.

Notes: Georgia offers a small low-income tax credit for individuals with an income below $20,000 and does not require filers to have worked or earned income in order to qualify.

First passed in 2005, Georgia's film tax credit provides an income tax credit to production companies that spend at least $500,000 on qualified productions. The base credit rate was raised to 20% in 2008, with an additional 10% for a qualified promotion of the state (e.g., Georgia logo).

A production is required to spend a minimum of $500,000 in Georgia qualified expenditures to qualify for the film tax credit. Costs for pre-production, production, and post-production related to filming in Georgia are qualified expenditures.

Refundable credits are such that the state will pay the production company the balance in excess of the company's owed state tax. Cash Rebates: Cash rebates are paid to production companies directly by the state, usually as a percentage of the company's qualified expenses.

First passed in 2005, Georgia's film tax credit provides an income tax credit to production companies that spend at least $500,000 on qualified productions. The base credit rate was raised to 20% in 2008, with an additional 10% for a qualified promotion of the state (e.g., Georgia logo).

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Georgia Motion Picture License, Marketing and Distribution Agreement