|Benefit as a % of spend||25.00|
|Financial cap per production||-|
|Do I have to register/set up a company?||Yes|
|Does foreign cast/crew paid in their home country/region qualify as expenditure?|| No|
|Do foreign cast/crew have to pay tax in the host country/state/region?|| Yes|
|Does travel to/from country/region qualify as expenditure?|| No|
|Can a production qualify for other national incentives such as cultural programmes if it qualifies for this incentive?|| No|
|Criteria to access the benefit|
- - Minimum spend 1000000 (in local currency)
|When will the benefit/incentive be received?|
- - On submission of audited accounts
- - State approx. number of months after completion of audited accounts
|Additional incentives or advantages|
- - Productions must be 100% financed and must pre-qualify with the Film commission.
A CPA audit is required. Producers have a choice of tax credits up to 25% of the in-state spend, with no per project cap (however a Utah tax return is required), or a cash rebate equal to 25% of the in-state spend, with a cap of $500,000 per project. An ongoing tax credit fund of $6.8 million for the Motion Picture Incentive Fund (MPIF) has been approved. Unused funds roll over to the next year.
The State of Utah offers a Sales and Use Tax Exemption at the point of sale on equipment and rentals.
The State of Utah also offers a Transient Room Tax. Accommodation charges for stays of 30 consecutive days or longer are exempt from sales and use tax and all sales-related taxes.