EP NowStoreAcademySupportProduction LotProducts by Country
Industry News Home

Production Incentives Update: October 2023

Learn about recent legislation changes boosting tax incentives in Colorado, Florida, Virginia and Ireland.
October 26, 2023

In this post, learn about recent changes to production incentive programs across the US in Colorado, Florida and Virginia, as well as internal changes to the incentive in Ireland.



House Bill 1275, passed by the state legislature and signed by the Governor, amends the film incentive program. The bill requires production to withhold state income tax from payments made to loan-out companies only if the loan-outs fail to provide a validated taxpayer identification number or provide an IRS taxpayer identification number for nonresident aliens. In the past, the compensation cap of $1 million applied to payments made to employees or contractors but excluded payments to loan-out companies. The recent bill now clarifies that these payments will be considered qualified expenditures if the production company making the payments files an information return according to the guidelines set by the Department of Revenue. The changes to the withholding requirements apply to income tax years commencing on or after January 1, 2024.

Colorado offers a 20% rebate on qualified productions.

Florida: Broward County

Starting November 1, 2023, Broward County will roll out three enticing programs to attract more production projects. These initiatives consist of the Multiple Project Guarantee, Partial Project Program, and TV Commercial Attraction Program. Approval for the performance-based rebate will be determined on a case-by-case basis. To be eligible for the 30% Multiple Project Guarantee rebate, the production company must deliver two scripted projects within Broward County in the course of three years, each with a minimum spend of $4M. The 20% Partial Project Program rebate requires a minimum spend of $1.5M, with a maximum per-project cap of $500K per episode or partial feature film. Lastly, the 15% TV Commercial Attraction Program rebate mandates a minimum spend of $400K and a per-project cap of $175K.


House Bill 6001, passed by the state legislature and signed by the Governor, amends the film incentive program. The bill allocates public funds for a two-year timeframe. It allocates $4M in the first year and $5M in the second year to bolster the Governor's Motion Picture Opportunity program, with the goal of attracting more film production to the Commonwealth.

Virginia offers both a grant and a refundable tax credit on qualified productions.



Screen Ireland announced the Irish government's continued support in Budget 2024, increasing the current project cap on Section 481 funding from €70M to €125M. This change is expected to be implemented in early 2024, pending formal approval by the government. 

Ireland offers a 32% - 34% rebate on qualified production.

Stay up-to-date with the latest incentives news - register now for EP's Incentives Newsletter today!

Related Content

Cameraman filming outside in a field

HMRC Announces Changes to Claiming UK Creative Sector Tax Incentives

What productions should know about the increased disclosure requirements under the UK's Audio-Visual...

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

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?

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

Production Incentives Update: December 2023

Notable dates and modifications to production incentive programs in California, India and Spain.

Minnesota: Land of 10,000 Opportunities

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

The Cathy Durant Show: Featuring John Hadity

Cathy interviews guest, John Hadity, EVP of Incentive Operations who oversees the film financing...

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

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

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

Insights on recent changes to production incentive programs in D.C., Kentucky, Montana, Ohio and Ontario.
EP Blog_SQUARE_UK cultural test

Understanding the UK Cultural Test

Find out whether your film or TV show will pass the UK’s Cultural Test, a key step in qualifying for the...
Four Panelists from Indie Producer's Playbook

Indie Producer’s Playbook: Setting Up a Successful Production

Learn best practices for how to set up and run a successful production, from choosing the right corporate...
Entertainment Partners Logo Thumbnail-square

BSO and CMPA Launch New BSO-CMPA Black Producer Accelerator Program

New Black Producer Accelerator Program focuses on increasing representation and supporting the career...
Los Angeles Times logo-sq

Georgia Film Tax Credit Bill Fails

Georgia lawmakers kill effort to cap film tax credits as production hub continues to rival California.

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

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

Learn the difference between an official co-production and PSA, and how to leverage these opportunities to...

Do the Math: Production Accountant Shortage Equals New Hollywood Careers

“Accounting is usually not the way in” to the film business, says Nancy Rae Stone of the California Film...
Big Ben, London

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

A comprehensive overview to help determine if you should use the UK’s new incentive regime to fund your...
Camera man filming on a snowy mountain in the winter-sq

Production Incentives Update: November 2023

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

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

Learn about the stunning natural scenery, historic architecture and film-friendly incentive schemes that...
Master Series Thumbnail Square UK Productions

UK Production: Sites, Services and Studios

Learn about UK incentives, infrastructure and production innovation spanning from London to Wales,...
Entertainment Partners Logo Thumbnail-square

NFTS and Entertainment Partners (EP) Establish Partnership to Support the Future of Film and Television Production

By supporting the National Film and Television School through this new partnership, Entertainment Partners...

NFTS, Entertainment Partners establish partnership

EP the entertainment payroll and production technology company joins as a prominent new Patron of the...

NFTS and Entertainment Partners (EP) establish partnership

The National Film and Television School (NFTS) announces a new partnership with Entertainment Partners...
Expert Advice_Sam Collett

Spotlight: Sam Collett, UK Production Accounting and Incentives Expert

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

Learn about the recent changes to the UK Creative Sector Tax Credits and how they might impact your next...
Master Series Australia Offset Square Thumbnail

Discover All About Australia's Location Offset

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

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

USC, Entertainment Partners Expand Collaboration for Film Student Programs

An expanded partnership will offer Trojan cinema students support including scholarships, training...

Payroll & Finances

PayrollResidualsSmartStartSmartTimeProduction PortalEP On LocationSmartAccountingEP LiveSmartPOCASHétPayPaymaster Rate GuideEP Residency

Manage Multiple Productions


Additional Services

Subscribe now

Be an industry insider with EP's
newsletters and alerts

LegalPrivacy NoticeSecurity
© 2024 Entertainment Partners. All rights reserved.