Maryland Film Production Activity Tax Credit program
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The Maryland Film Production Activity Tax Credit program is a state incentive initiative that offers tax credits to attract and support film and television productions in Maryland.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Maryland Film Production Activity Tax Credit program canonical | 1 |
Statements (41)
| Predicate | Object |
|---|---|
| instanceOf |
film and television production tax credit
ⓘ
state tax incentive program ⓘ |
| administeredBy | Maryland Department of Commerce NERFINISHED ⓘ |
| appliesToJurisdiction | State of Maryland NERFINISHED ⓘ |
| beneficiary |
qualified film production companies
ⓘ
qualified television production companies ⓘ |
| benefitForm | tax credit against Maryland state income tax ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| coversCostType |
qualified direct production expenditures in Maryland
ⓘ
qualified wages paid in Maryland ⓘ |
| eligibilityCriterion |
minimum qualified production expenditure threshold in Maryland
ⓘ
production must apply and be certified by the Maryland Department of Commerce ⓘ production must conduct principal photography in Maryland ⓘ |
| eligibleProductionType |
commercials
ⓘ
feature films ⓘ television movies ⓘ television pilots ⓘ television series ⓘ |
| evaluationCriterion |
amount of qualified in-state spending generated
ⓘ
number of Maryland jobs supported or created ⓘ overall economic impact on Maryland’s economy ⓘ |
| fundingMechanism | annual statewide tax credit allocation cap set by Maryland law ⓘ |
| geographicFocus | on-location production in Maryland communities ⓘ |
| incentiveType | refundable income tax credit ⓘ |
| industry |
film industry
ⓘ
television industry ⓘ |
| legalBasis | Maryland state statute authorizing film production activity tax credits ⓘ |
| monitoredBy | Maryland Department of Commerce Office of Film and Digital Media NERFINISHED ⓘ |
| policyGoal |
enhancement of Maryland’s visibility as a filming location
ⓘ
growth of Maryland’s film and television industry ⓘ increased in-state spending by film and television productions ⓘ job creation in Maryland ⓘ |
| purpose |
to attract film and television productions to Maryland
ⓘ
to promote economic development through screen production ⓘ to support film and television production activity in Maryland ⓘ |
| requires |
execution of a tax credit certification agreement
ⓘ
submission of detailed production budgets and schedules ⓘ verification of qualified expenditures ⓘ |
| sector | creative industries ⓘ |
| supports |
use of Maryland-based cast and crew
ⓘ
use of Maryland-based vendors and service providers ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.