Just what are these "Film Incentives?"
In "Producer talk" they are as follows courtesy of the NC film office:
Refundable Tax Credit:
North Carolina offers a 25% refundable tax credit. The 25% refundable tax credit is in effect for a single production who report the qualified expenses on their tax return beginning with the taxable year 2011.
SUMMARY OF NORTH CAROLINA REFUNDABLE TAX CREDIT
Incentive. - 25% refundable tax credit
Per Project Cap. - $20 million (television series are not subject to per project cap)
Minimum Spend. - $250,000
Annual Cap. - No cap.
Qualified Labor. - First $1 million of each resident & nonresident qualify
Loan Out Withholding. -Yes. 4%
Audit. - North Carolina pays for the audit
Screen Credit Required. - Yes
Qualifying Expenses:
Goods / Services / Compensation & Wages / Production-Related Insurance / Fringes / Per Diems / Living Expenses & Stipends
Qualifying Productions:
Feature Films / Direct-to-Video / Episodic Television Series / Movies of the Week / Television Mini-Series / Reality Television / Commercials / Documentaries / Animation Productions / Webisodes
Application
File Intent to Film online form prior to start of production
State-Owned Property. - Fee-free usage
Sunset Date. - January 1, 2015
Enacted Bill Numbers:
H 1973 (SL 2010-147); H 713 (SL 2010-89); S847 (SL 2012-194)
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Location:Winston-Salem, NC
