Hey everybody! As you may or may not already know, Michigan has passed a film incentive bill to increase movie production in our state. Well to all the film production companies out there, I'm the guy to talk to if you're location department needs building, factory, office, or warehouse space for shooting. As with many other states, we have an overabundance of properties on the market and with the right list of requirements I'm sure I could help locate the perfect location for your next film!
2008 Michigan Filming Incentives in a Nutshell
- Must spend at least $50,000 in Michigan to be eligible.
- 40% cash rebate, across the board on Michigan expenditures
- Claim an extra 2% if filming in one of the 103 Core Communities in Michigan.
- Labor and Crew: 40%-42% Resident Below the Line. 40%-42% Above the Line regardless of domicile. 30% Non-resident Below the Line.
- There is also an infrastructure tax credit program as well as a nontransferable nonrefundable workforce development tax credit for hiring and training current MI crewmembers to a higher level.
- $2 million salary cap per employee per production. There is no other cap and no sunset.
Application must include: estimated Michigan expenditures, project type, Michigan production days, local hires and more. The company must send a script/storyboard, insurance documents, the budget, any confidential information requirements and the application fee of $100. The project must commence filming within 90 days of approval.
YOU MUST HAVE AN AGREEMENT APPROVED AND SIGNED BY BOTH THE MICHIGAN FILM OFFICE AND THE MICHIGAN DEPARTMENT OF TREASURY BEFORE INCURRING ANY ELIGIBLE PRODUCTION EXPENSES.
This incentive became effective in April 2008.
Well that's it! Let me know how I can help.
Regards,
Jason Tucker | Associate Director
Newmark Knight Frank, Inc.
34975 W. Twelve Mile Road | Farmington Hills, MI 48331
Phone: 248-848-4084 | Fax: 248-848-9041 | Cell: 248-431-8138
e-mail: jtucker@newmarkkf.com | Website: www.newmarkkf.com