ANNOUNCEMENT 17 Jul 2009In July 2009, a US state government announced a targeted tax change.
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On July 17, 2009, the governor of Ohio signed into law a budget bill (HB 1) including a provision (Sec. 122.85) creating a Film Tax Credit. This is a refundable, non-transferable, tax credit against the corporation franchise or income tax for motion pictures produced in Ohio. The tax credit is equal to 25 percent of non-wage and nonresident wage Ohio production expenditures and 35 percent of Ohio resident wage production expenditures. There is a per project cap of $5 million, and each episode of a TV series qualifies as a separate project.
In 2016 Governor John Kasich and the Ohio Legislature doubled the annual $20 million cap on the Ohio Motion Picture Tax Incentive to $40 million, while also eliminating a $5 million project cap. Additionally, all eligible expenditures may be credited at 30%. Productions must spend a minimum of $300,000 per project to be eligible for the incentive.