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The Ohio Motion Picture Tax Credit (OMPTC) provides a refundable, tax credit of 30 percent on production cast and crew wages plus other eligible in-state spending. OMPTC was created in 2009 to encourage and develop a film industry in Ohio.
For claims made on or before 31 December 20216 the rate of the credit is 37%, ? for claims made from 1 January to 31 December 2022 inclusive the rate is 35%, ? for claims made from 1 January to 31 December 2023 inclusive the rate is 34%, ? for claims made after this date the rate reverts to 32%.
Eligibility. To be considered, eligible productions must spend a minimum of $300,000 per project in the state of Ohio, in the production of entertainment content created in whole or in part within this state for distribution or exhibition to the general public.
On April 8, 2019, Ohio Governor Mike DeWine (R) signed legislation to increase the state's EITC from 10 to 30 percent of the federal credit and remove the income cap as part of the state's 2019 transportation budget. In 2017, the legislature is considering a bill that would make the state's EITC refundable.
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.