EP NowStoreAcademySupportProduction LotProducts by Country
Industry News Home

Production Incentives Update: March 2023

A look at changing film incentive programs across New Mexico, Utah, and Austria.
March 22, 2023

In this post, we outline recent changes to produciton incentive programs across New Mexico, Utah, and Austria.

UNITED STATES JURISDICTION UPDATES

New Mexico

The film office announced last month the expansion of eight new qualified production facilities throughout New Mexico, bringing the total to 21 statewide. The new production facilities include stages in Albuquerque, Santa Fe, and Las Cruces, with a new movie ranch in Stanley. Production utilizing a qualified production facility are eligible for a 5% uplift.

New Mexico offers a 25-35% Refundable tax credit on qualified productions.

UTAH

Last year SB 49 allowed the Governor's Office of Economic Opportunity to make an additional $12M of tax credits available for productions that film at least 75% of production days within certain rural counties. Rural counties are all Utah counties, excluding Utah, Salt Lake, Davis, Washington, and Weber.

This month SB 153 became eligible for the Governor’s signature. The bill expands the eligibility of rural production to include a second-class county (population of 175K or more but less than 1M) with a national park within the county's boundaries. Since Washington is the only 1st or 2nd class county with a national park in its boundaries, it will be eligible for the rural production tax credit.

Utah currently offers a Refundable tax credit of up to 25% on qualified productions.

INTERNATIONAL JURISDICTION UPDATES

Austria

The Austrian Parliament approved a package of laws increasing the basic film grant from 20% to 30%. The package includes the first of its kind 5% greenbonus for productions that follow environmentally sustainable criteria. For projects with a high number of female heads of department, there will also be a bonus of €25K. The maximum amount available perproject is €5M for film and €7.5M for series. The minimum spend is €150K for film, €80K for documentaries, and €25K for animation, VFX, and post-production. 


Related Content

Production Incentives Update: July 2023

7/31/2023
Lights, Camera, Incentives! Exploring the recent changes to Film Incentive Programs across the world.
More

Japan's Latest Film Tax Incentive Sets the Stage for Global Productions

3/13/2024
From Miyazaki to Godzilla, Japan is entering a cinematic renaissance and poised to attract international...

What Does the UK’s New Independent Film Tax Credit (IFTC) Mean for Productions?

3/7/2024
As the UK government strengthens its support for productions, find out what the latest changes to the...

Entertainment Partners Hosts 'An Independent Producer's Survival Guide' in Park City

2/27/2024
Joe Chianese, EP’s SVP & Production Incentives Practice Leader, brings independent filmmakers and industry...
Four panelists discuss co-production-square

Unlocking the Myths and Benefits of Co-Production

2/15/2024
Learn the difference between an official co-production and PSA, and how to leverage these opportunities to...
Big Ben, London

5 Things to Consider Before Transitioning to the UK’s New AVEC Regime

1/16/2024
A comprehensive overview to help determine if you should use the UK’s new incentive regime to fund your...

Production Incentives Update: December 2023

12/20/2023
Notable dates and modifications to production incentive programs in California, India and Spain.
Camera man filming on a snowy mountain in the winter-sq

Production Incentives Update: November 2023

11/28/2023
Your guide to recent production incentive changes in Connecticut, Minnesota, New York and Japan.

Minnesota: Land of 10,000 Opportunities

11/17/2023
Learn about Minnesota's new incentive program, dynamic locations, strategies for boosting crew training...

Regional Success: Why Small UK Hubs Aren’t Afraid of Big Productions

11/7/2023
Learn about the stunning natural scenery, historic architecture and film-friendly incentive schemes that...

Production Incentives Update: October 2023

10/26/2023
Learn about recent legislation changes boosting tax incentives in Colorado, Florida, Virginia and ...
Master Series Thumbnail Square UK Productions

UK Production: Sites, Services and Studios

10/20/2023
Learn about UK incentives, infrastructure and production innovation spanning from London to Wales,...

Minnesota Becomes Land of 10,000 Opportunities with New Incentive Launch

9/29/2023
Minnesota introduces a new tax incentive program to renew the state’s status as a dynamic location for...
Georgia Incentives Panel_sq

GA Incentives Insider: Your Questions Answered

9/27/2023
Brian Shanaghan, Audits Manager at the Georgia Department of Revenue (GA DOR), addresses the industry's...
Film crew on location filming outdoors

Production Incentives Update: September 2023

9/27/2023
Insights on recent changes to production incentive programs in D.C., Kentucky, Montana, Ohio and Ontario.
Expert Advice_Sam Collett

Spotlight: Sam Collett, UK Production Accounting and Incentives Expert

9/19/2023
Meet the Senior Partner at FLB Accountants, an Entertainment Partners company specializing in UK media and...
Master Series_UK Incentives Panel_Square

What's Changing in UK Production Incentives

9/15/2023
Learn about the recent changes to the UK Creative Sector Tax Credits and how they might impact your next...
EP Blog_SQUARE_UK cultural test

Understanding the UK Cultural Test

9/12/2023
Find out whether your film or TV show will pass the UK’s Cultural Test, a key step in qualifying for the...
EP Blog_SQUARE_EP Paymasters

Meet the Paymasters

9/5/2023
This National Payroll Week we celebrate the hard-working payroll professionals behind Hollywood's...
Master Series Australia Offset Square Thumbnail

Discover All About Australia's Location Offset

8/30/2023
Australia's Location Offset rebate skyrocketed from 16.5% to 30%! Learn about the requirements and how...
Jane Corden, Managing Director, Australia and New Zealand

Spotlight: Jane Corden, Managing Director, Australia & New Zealand Operations

8/29/2023
Meet the Australian production accounting and tax incentives expert who is helping EP invest in the future...

Production Incentives Update: August 2023

8/25/2023
Recent changes to production incentive programs across the US and Thailand.
EP_SQUARE_HMRC Answers

HMRC Answers Key Questions on New UK Audio-Visual Expenditure Credit

8/22/2023
UK Creative Sector Department weighs in on the interpretation of some of the new legislation and guidance...

Payroll & Finances

PayrollResidualsSmartStartSmartTimeProduction PortalEP On LocationSmartAccountingEP LiveSmartPOCASHétPayPaymaster Rate GuideEP Residency

Manage Multiple Productions

AssetHubSmartHub

Additional Services

Academy
Subscribe now

Be an industry insider with EP's
newsletters and alerts

LegalPrivacy NoticeSecurity
© 2024 Entertainment Partners. All rights reserved.