Nevada Film Incentive

 

  • Offers a transferrable tax credit on qualified Nevada film, TV & software production expenses.
  • The old pilot program was recently converted to a new, permanent incentive program, ideal for:
    • Indies & lower-budget Studio Features
    • Commercial & Film Slates (related projects can be combined)
    • TV Series & Pilots
    • Reality series, game shows and video games now qualify as well
    • Or any production that wants to film on location, with 24-hour amenities, close to LA, and with an incentive.
  • Minimum qualified in-state spend of $500k required.
  • Production must also spend at least 60% of budget in-state.
    • Post-Production may be included in calculations, at producer’s election
  • Credit Levels:
    • 15% base credit on Nevada expenditures
    • 15% base on Nevada residents
    • 12% base on non-resident ATL
    • 10% base on non-resident BTL
    • 5% bonus for using majority-Nevada BTL crew
    • 5% bonus for filming majority in a rural county
  • Caps:
    • $6M credit/project
    • $750k creditable payroll/individual
    • 10% budget creditable to resident producers
    • 5% budget creditable to non-resident producers
  • Project funding for the current fiscal year has not yet been released.
  • Credits can be applied to certain future taxes owed to the state (gaming, financial institution, insurance, MBT & Fees)
  • Credits trade higher in Nevada than just about anywhere else in the country.
  • Application process takes 6-12 weeks with no fees
  • Production must start at least 1 day after application date and within 6 months of pre-approval.
  • Production must be completed within 18 months of pre-approval
  • Nevada credit may be combinable with the IRS Section 181 federal deduction. In addition to our state’s program, the Nevada Film PAC also endorses this national film incentive program.

    Related Links

  • Nevada Film Incentive Statutes
  • SB94, including politician voting records
  • Nevada Production Directory, including locations database