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DATE: May 8, 2015
Upcoming Application Window
California Film and TV Tax Credit Program 2.0
May 11 - 17, 2015 - Application Window
(For non-independent TV projects only)
The on-line Application portal for first application window will Go Live Monday, May 11th at 8:00 a.m.
The Application Form and instructions will be posted on the CFC website on Monday, May 11th at 8:00 a.m.
Applicants will have until midnight on May 17th to submit applications along with the Jobs Ratio Calculator worksheet.
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May 2015 Application funding:
- $55.2 million in tax credits available for New TV series, TV pilots, MOWs, and Mini-series for any distribution transmission
- $27.6 million in credits available for Relocating TV Series
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About the California Film & TV Tax Credit Program 2.0:
The program is aimed at retaining and attracting production jobs and economic activity across the state. It boosts California's competitiveness by more than tripling the program's size (from $100 million to $330 million annually). It also extends eligibility to include a range of project types that were previously excluded (including big-budget features films, TV pilots, and 1-hr TV series for any distribution outlet).
The new program replaces the prior lottery system with a "jobs ratio" ranking system that selects projects based on job creation and other criteria.
Other key features detailed in the regulations include:
- 5% "uplift" for non-independent productions with qualified expenditures for visual effects, music scoring/track recording or filming outside the Los Angeles 30-mile zone.
- Category-specific competition - under the new program, different types of productions (e.g., TV, indie films, studio films, etc.) each have a dedicated fund of tax credits, so each project competes directly against comparable (or "like") projects.
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PROGRAM DETAILS AVAILABLE ONLINE
The informational documents listed below are available on the CFC website. Due to the new parameters of the California Film and TV Tax Credit Program 2.0, it is strongly advised that applicants review each document prior to project budgeting and scheduling.
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