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Film Production Tax Credits Program Includes Set Aside For Local Productions!

May 24, 2018

On May 15, Governor Larry Hogan signed SB1154, enhancing the Film Production Activity Tax Credit program. The bill allocates $8 million in tax credits to secure film production in FY19, $11 million in FY20, and increases $3 million per year until FY23. In addition, the legislation creates a 10 percent set-aside for local, lower budget productions. The legislation comes at a pivotal time as House of Cards, the largest production ever to film in Maryland, is completing its sixth and final season. Over its first five seasons, the critically acclaimed series had an economic impact of nearly $600 million in Maryland, hired more than 2,000 Marylanders per season, and purchased or rented goods or services from more than 2,100 Maryland businesses.

 

 

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