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Tax Incentives - Useful tax information for filming in Kentucky, USA

Type of Incentive
30% Refundable Tax Credit
Maximum Benefit

30% refundable tax credit, or 35% incentive for resident labor; 35% incentive for filming in enhanced incentive county

Compensation and Project Caps/ Funding Per Year

Program is administered on a first-come, first-served basis.

Annual Cap: None.
Project Cap: None.
Comp Cap: $100K for each ATL.

What Qualifies

Generally, payments to residents, non-residents, and local vendors qualify for the tax credit. Sales taxes do not qualify. Stand-alone post- production credit available.

Application Considerations

Production company registration is required if production company is not formed in Kentucky. Submit application to the KY Film Office no less than 30 days prior to local spending. Administrative fee of no more than 0.5% of the estimated credit or $500 may be required by the Film Office. Approval of application within 30 days.

Application Considerations

CPA audit or review not required, but recommended. Production company must submit an expense report and final script to the Film Office within 180 days after completion of the film or production.

Loan-Out Company Considerations

Registration: None.

Withholding: None.

Crew Base Considerations

Crew directly available.

Is Mappable
No
Has Incentive Program
No
Screen Credit Required
No
Project Criteria

Minimum spend = $250K (feature films and television); $100K (commercials); $20K (documentaries or national touring Broadway show).

Commissioner

Kentucky Film Office | www.filmoffice.ky.gov
Todd Cassidy, Executive Director | Phone: 800.345.6591 | [email protected]


Additional Benefit

Name
Sales and Use Tax Exemption
Name
Hotel Tax Exemption

Cap

Comp
1000000

Minimum Spend

Amount
10000
Fine Print
"Docs"
Amount
100000
Fine Print
"Comm"
Amount
250000
Fine Print
"Film\/TV"

Features

Soundstages
No
Post Facilities
Yes
Water Tank
No
Beach
No
Bridges
Yes
Big City
No
Desert
No
Mountains
Yes
Historical Architecture
Yes
Southern
Yes
Tropical
No

Expenditure

In-State Vendors
NA
Out-of-State Vendors
NA
Fringes Paid
NA
Taxes Paid
NA

Qualified Compensation Expenditures

Animation
Yes
Award Shows
No
Broadway
Yes
Commercials
Yes
Documentaries
Yes
Feature Films
Yes
Game Shows
Yes
Industrials
Yes
Infomercials
Yes
Interactive Media and Video Games
No
Music Videos
Yes
News
No
Post-Production
Yes
Reality Shows
Yes
Scripted Shows
Yes
Soundtrack
Yes
Sporting Events
No
Talk Shows
Yes
Trailers
Yes
Visual Effects
Yes
Webisodes
Yes

Proposed Legislation

Identifier
KRS § 141.383
Identifier
KRS § 148.544
Identifier
KRS § 148.546

These materials have been prepared by Entertainment Partners for informational purposes only and should not be construed as tax advice or relied on for specific projects. Though every effort has been made to remain current, laws and incentives change and, therefore, this information may have been revised. Please contact EP Financial Solutions or your legal or tax advisors to confirm any laws or the effect of incentives on your project.