spend money there. They’re rewarding you for dumping money into their infrastructure. You’re creating jobs. You are helping their economic development. This is free money you should take advantage of. I personally will not help people finance a movie that’s not being filmed in an area without incentives.”
It is very important for you as the producer of a film project to determine exactly how the incentive process works and the time table for collecting your incentive. Only then can you properly cash flow the incentive and make sure you and your investors are not caught short.
Here is an example of the use of one incentive program, in this case the state of North Carolina.
North Carolina’s program reimburses 15% of all qualified spends within the state as a refundable tax credit. You do not have to owe any tax to receive the credit. The minimum local spend