CAST & CREW ENTERTAINMENT SERVICES
WEDNESDAY, JULY 6, 2016

 
In this Issue Backtotop
ENACTED
LEGISLATION 
Louisiana (H 737)
Ohio (H 390)
Rhode Island (H 7454) 
Louisiana
North Carolina
United Kingdom

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ENACTED LEGISLATION
Signed by the Governor
LOUISIANA (H 737)
On June 17, 2016, Governor John Bel Edwards signed House Bill 737LAH737, clarifying the 6% withholding requirement. Payments that would otherwise not be subject to withholding requirements pursuant to state and federal regulations (pension benefits, nontaxable portion of per diem, etc) are not subject to 6% Louisiana withholding.  The withholding requirement applies to expenditures occurring after January 1, 2016. 

OHIO (H 390)
On June 28, 2016, Governor John Kasich signed House Bill 390OH390, amending the current production incentive program as follows:
  • Increases the state's annual cap to $40 million per fiscal year (July 1 - June 30) beginning July 1, 2016;
  • Eliminates the $5 million per project cap;
  • Modifies the incentive that may be earned to equal 30% of all labor and spend;
  • Stipulates that the refundable tax credit is also eligible for a one-time transfer to one or more other persons;
  • Institutes a job training program which will reimburse 50% of the salaries paid to film and multimedia resident trainees employed in the production; and,
  • States that the amendments apply to tax credit certificates issued on or after July 1, 2016.
RHODE ISLAND (H 7454)
On June 24, 2016, Governor Gina M. Raimondo signed House Bill 7454RIH7454, extending the sunset date from July 1, 2019 to July 1, 2021. 


IN THE NEWS
Louisiana - Gov. Edwards: Film Program Review To Focus on Creating a Sustainable Industry for La. (July 5, 2016) LAArticle
North Carolina - State Film Grant Gets Second Round of $30 Million Funding (July 1, 2016) NCArticle
United Kingdom - Devastated Film Makers Warn of Disruption to Movie Making When UK Leaves EU  (June 29, 2016)
  

Production Incentives
Joe Bessacini
Vice President, Film & TV Production Incentives
818-480-4427

Incentive Financing

Deirdre Owens
Vice President, Production Incentive Financing
818-972-3201


 

 
  

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