MARYLAND

PROPOSED LEGISLATION (STILL IN THE HOUSE OR SENATE)

FEBRUARY 28, 2010

Maryland has introduced two similar bills.  Each would repeal the current rebate program.  The only difference between the two bills is that one provides for a 28% refundable tax credit and the other bill provides for a 30% refundable tax credit (up from the current 25%) on all direct costs associated with a production. Direct costs include employee wages and benefits, fees for services, costs for acquiring or leasing property and any other expense necessary to carry out a film production activity. Direct costs will not include any portion of the wages of an employee whose salary, wages or other compensation are over $1 million. The minimum instate spend to qualify remains at $500,000. If enacted, the new program will go into effect on July 1, 2010 and will be applicable to all tax years beginning after December 31, 2009. 

For more information please contact:

Joe Bessacini
Vice President, Film & TV Production Incentives
818-480-4427
jbessacini@castandcrew.com

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