What happens when you combine majestic shorelines, quiet meadows, old world architecture, bucolic town greens, mill town grunge, skilled crew base and 30% tax credits?
What to do.
Spend in excess of $50,000 in Connecticut for pre-production, production or post-production expenses on a qualified production and receive tax credits up to 30% of qualified Connecticut spending for goods, services and labor. No annual cap and no per-production cap.
How to do it.
First, an eligible production company submits a pre-application no later than 90 days after the first qualified production expense is incurred in Connecticut. Receive an eligibility certificate certifying that the production is a state-certified qualified production.
Second, the eligible production company applies for a tax credit certificate no later than 90 days after the last qualified production expense is incurred in Connecticut.
What you get.
A non-refundable transferable tax credit certificate is issued to the state-certified qualified production. The tax credit may be sold and applied against the corporation business tax. It may be carried forward for 3 years.
Details
Pre-Application, Instructions, and Required Additional Forms
Access the PDF document and complete online. Print out and mail as per instructions.
Statutes
Printable Version
