As Spain draws closer to the end of its Covid-19 lockdown the Spanish government has increased the rate of filming incentive offered to incoming productions. The new rebate grants up to 30% on production spend and will gain interest from foreign productions who are gearing up to start shooting again.
Since its introduction in early 2019, ten international projects and sixteen national projects have been approved for the 30% incentive. According to the Polish Film Institute, who handles the incentive, support totals EUR12 million while the amount of expenses incurred in Poland under the co-financed projects reached EUR 50 million.
New Mexico has seen US68,000 investment in workforce development as a direct result of Film Incentive Give Back Program
The New Mexico Film Incentive Give Back requirement is one of the initiatives of the Economic Development Department to ensure the Film Incentives Tax Credit is helping sustain a long-term industry cluster in New Mexico.
The new incentive will be available to foreign producers, and an additional 5% rebate will be available if the project satisfies addition criteria, such as being based on Ukrainian literary IP.
From 1 January 2020, Slovakia will provide a 33% cash rebate.
New Jersey’s 30-35% Film and Digital Media Tax Credit Program, which was signed into law in summer 2018, has approved its first round of productions. Four projects have been approved, two of which will receive the bonus allocated to productions with a diversity plan for hiring minority and women.
In response to a house bill that proposes an end to the Ohio Motion Picture Tax Credit, Ohio’s film community are lobbying to keep the 30% tax credit.
Targeting feature films, TV drama, animation and comedy series, the fund will provide investments of up to GBP500,000.