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A qualified Maryland Small Film may receive a refundable income tax credit of up to 28% of the total authorized direct costs of a film production activity, with a maximum tax credit amount per project of $125,000.
analyzing the impact of Maryland’s Film Industry Tax Credit for the Maryland Film Industry Coalition (MFIC). RESI assessed the current tax credit policy for productions that had finished filming in the State of Maryland. The report found that for every dollar claimed in film tax credits,
Maryland Film Production Activity Tax Credit Recipients FY 2012-FY 2023) Fourteen companies were issued a Final Tax Credit certificate during FY 2023. Misfits Productions LLC of Clinton was issued a final tax credit certificate on July 6, 2022, for its
CH 516 Acts of 2011 created the Film Production Activity Tax Credit (Film Tax Credit). The Act repealed the existing Film Production Rebate Program and replaced it with a tax credit for qualified direct costs of qualified film production activities including feature films and television series.
Overview. In 2018, Senate Bill 1154 – Income Tax – Film Production Activity Tax Credit – Alterations was enacted and made the following changes to the Maryland Film Production Activity Tax Credit: The minimum spend for most film projects was lowered to $250,000; The maximum amount of tax credits available for a film project is now $10,000,000;
The Maryland Film Production Activity Tax Credit Program was amended in 2018 by Senate Bill 1154, effective as of July 1, 2018. Highlights of this legislation include: 1) The minimum spend for most film projects was lowered to $250,000; 2) The maximum amount of tax credits available for a film project is now $10,000,000;
released a study analyzing the impact of Maryland’s Film Industry Tax Credit for Maryland Film Industry Coalition (MFIC). RESI assessed the current tax credit policy for productions that had finished filming in the State of Maryland. The report found that for every dollar claimed in film
