Vermont Legislative Research Shop

 

Tax Incentives for the Film Industry

The promotion of the film industry in the state of Vermont offers many possibilities, positive and negative. In order to promote this industry, many other states (Oklahoma, Arizona, North Carolina, Florida, Louisiana, Wyoming, South Carolina, Iowa, Ut ah, Texas, New York and New Mexico) have chosen to offer tax incentives to the industry. In many of these states, the benefits have been immense, as demonstrated by the figures provided by Utah, Texas, Oklahoma, and Iowa..

The following is a listing of some of the incentives offered by other states, followed by a listing of some of the benefits that the states who have offered these incentives have felt.

 

Index

State Tax Incentives

Florida………………………………………...1

New Mexico…………………………………..3

Louisiana……………………………………...5

South Carolina………………………………...7

Wyoming……………………………………...7

Arizona………………………………………..8

North Carolina………………………………..10

Texas ………………………………………....11

State Benefits from Tax Incentives

Iowa…………………………………………..13

Texas………………………………………….14

Oklahoma……………………………………..15

Utah……………………………………...……18

A Guide to Sales Tax for the Film Industry(NY)..........…...….19

 

Sources of Information

Arizona http://www.commerce.state.az.us/mopic/taxreb.shtml

Florida http://www.floridafilm.com

Iowa http://www.state.ia.us/government/ided/film/index.html

Louisiana http://www.lafilm.org

New Mexico http://www.edd.state.nm.us//FILM/INCENT/incent.htm

North Carolina http:// iai.i-america.net/homepages/locater/incentives.html

Oklahoma http://www.state.ok.us/osfdocs/nr/g625.htm

South Carolina http://www.scfilmoffice.com

Texas http://www.governor.state.tx.us/film

Utah http://www.ce.ex.state.ut.us/film

Wyoming http://commerce.state.wy.us/tourism/info

 

Completed by: Matthew Curtis, Jesse Kaufman

Any questions, call or email Anthony Gierzynski at (802)656-7973, or agierzyn@zoo.uvm.edu

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