IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2015 | Removal date: open ended
Still in force

Tax or social insurance relief

On March 30, 2015 the governor of Kentucky signed into law a bill (HB340) that expanded the state’s film-subsidy program effective January 1, 2015. The bill lowers the thresholds to allow more companies to qualify for the refundable tax credits and increases the amount of refundable credits that may be awarded to each company. The bill increases the existing income tax credit from 20 percent to 30 percent for each production’s Kentucky-based spending, and provides that productions may receive a 5 percent incentive for using Kentucky resident labor. The threshold for feature films and television shows is lowered from $500,000 to $250,000, for example, with Kentucky-based companies having a threshold of $125,000. The approved company must have qualifying expenditures and qualifying payroll expenditures that, when combined, meet certain thresholds. It also required additional information to be included on the application for the incentives, incentive agreement, and cost report.

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

961 Audiovisual & related services

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