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Maine
Agreement to Produce Motion Picture

Maine Agreement to Produce Motion Picture

Category:

Contracts - Productions

State:

Multi-State

Control #:

US-02592BG

Format:

Instant download

Description

The Film Producer is charged with managing the expenses, organization, and all decisions involved in producing the film itself. It is the Film Producer that conceives of an idea for a film, hires a Director, makes casting decisions, and decides on the film crew and locations. The Producer is the primary authority overseeing the all aspects of the production of a film, and its progress.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

The production expense credit may be equal to 25% of the taxpayer's Massachusetts production expenses in connection with the filming and production of a motion picture in Massachusetts. The production expense credit doesn't include payroll expenses already calculated for its payroll credit. Film Incentive Tax Credit - Mass.gov mass.gov ? info-details ? film-incentive-tax-... mass.gov ? info-details ? film-incentive-tax-...

Investors may elect to deduct any production costs they paid or incurred, up to $15 million, as a deductible expense for the tax year such costs were paid or incurred in a qualified film or television production. Section 181 Tax Breaks For Film And Television Productions rodriqueslaw.com ? blog ? section-181-tax-breaks... rodriqueslaw.com ? blog ? section-181-tax-breaks...

Maine's visual media (VM) incentives include a tax credit and a wage reimbursement provided for qualifying visual media productions in the state. The tax credit is 5% of non-wage production expenses and is non-transferable, non-refundable and may not be carried forward.

The relief is given at 32% of the lowest of: a) eligible expenditure; b) 80% of the total cost of production of the film; or c) ?70,000,000; and may be claimed against a producer company's corporation tax liabilities. Part 15-02-04 - Film Tax Credit Guidance - Revenue revenue.ie ? tax-professionals ? tdm ? part-15 revenue.ie ? tax-professionals ? tdm ? part-15

The California Film Commission administers the Film & Television Tax Credit Program 3.0 which provides tax credits based on qualified expenditures for eligible productions that are produced in California. The $1.55 billion program runs for 5 years, with a sunset date of June 30, 2025. The Basics 3.0 - California Film Commission ca.gov ? tax-credit ? the-basics-3-0 ca.gov ? tax-credit ? the-basics-3-0

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