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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 short film, PG -13, which completed 7 days of filming in November and December of 2021. They
Under the Film Tax Credit, the Department of Commerce (Commerce), formerly the Department of Business and Economic Development (DBED), could award a maximum of $7.5 million in credits in each fiscal year beginning in FY 2012 through FY 2014.
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 The Act repealed the existing Film Production Rebate Program and replaced it with a tax credit for qualified direct costs of qualified film production activities including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.
Attached is a summary (Appendix A - Maryland Film Production Activity Tax Credit Recipients FY 2012-CY 2021 ) outlining tax credits that are in progress or have closed through CY 2021. Three companies were issued a Final Tax Credit certificate during FY 2021.
Senate Bill 905, Income Tax – Film Production Activity Tax Credit, introduced in the 2015 legislative session, was originally proposed to increase the amount of tax credits available for production activity in a fiscal year and extend the program’s sunset date ($25 million per fiscal
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.
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;
