income exclusion is limited to the owner of the film during production.
Further Specifics of State Film Production Incentives
Tier One States
New Mexico: Offers a 25% tax credit for all production expenses and New Mexico labor. The provisions have caused some concern that demand exceeds the labor pool, but a subsidiary of NBC Universal recently opened the largest equipment shop west of LA for TV, film and commercial productions.
Massachusetts: The state offers a 25% credit for production expenses above 50% of the total production costs ( million maximum). For Massachusetts production companies, an income and corporate excise tax credit is also available, equal to 20% of the production payroll (excluding payroll over million) and 100% sales tax exemption.
Connecticut: The state offers a 30% credit for production expenses. Equipment