North Carolina offers a 25% refundable tax credit . The 25% film incentive 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 FILM INCENTIVE
|Incentive||25% refundable tax credit|
|Per Project Cap||$20 million (television series are not subject to per project cap)|
|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|
Information courtesy of the North Carolina Film Office. For details click here.