Bringing Film & TV back to Minnesota with the new Film Produ
The Minnesota Film Production Tax Credit
Goals
- Incentivize film, television, and digital media production within the state
- Support mechanisms to bolster the state's film and media production industry, aiming to attract and increase local and international film projects within Minnesota
- Enhance MN attractiveness as a location for film and media production, thereby contributing to the state's economic development
*These incentives underscore Minnesota's commitment to fostering a vibrant film production ecosystem, aiming to stimulate economic activity, create jobs, and showcase the state's diverse locales to audiences worldwide.
Minnesota Film Production Tax Credit
Total Funding
- the annual appropriation has been increased from $4.95 million to $24.95 million. This enhancement aims to attract larger and more diverse film projects by offering a more substantial financial incentive. The extended funding and increased cap are part of a legislative effort to revitalize Minnesota's film and media production industry and are effective through 2030.
Overview
- Tax Credit: This incentive allows eligible expenditures by a Minnesota company on film, video, or digital media projects.
- Eligibility: Costs incurred prior to the issuance of a Credit Allocation Certificate are deemed ineligible, and the process involves multiple steps, including pre-application consultation and submission of a cost verification report.
- Key Exclusions: Includes, but is not limited to, personal vehicle fuel, interstate travel, online purchases, capital equipment (except portable hard drives), and expenses related to entertainment or illegal activities