Governor Doyle signed into law a very limited, new refundable credit for the film, television and video game industries. The overall provisions are as follows:
- Fully refundable tax credit - capped at $500,000 per year in total expenditures
- 25 percent credit on the salaries and wages paid to Wisconsin residents making $250,000 on the project or less. Salaries and wages to nonresidents are not included.
25 percent credit on Wisconsin production expenditure purchased in Wisconsin
15 percent credit on film production company investments, including construction and repair of property and amount spent to acquire property.
35 percent of the project's total budget must be spent in Wisconsin to qualify.
50% of the use of tangible personal property or item used for production company's business.
Existing film and video game-related companies that wish to expand the state are eligible for the tax incentives under the company investment credit.
Establishes application fees: 2 percent of budgeted production expenses or $500, whichever is less.
Lowers the threshold for an accredited production from $100,000 to $50,000
Extend the eligible timeline for video game projects from 12 to 36 months.
Theatrical exhibition incentive for filmakers:Marcus Cinemas
The proposal eliminates the non-refundable sales tax exemption that existed in previous law.
Here are some Films that have been shot in WI
- Public Enemies
- Mr. 3000
- A Simple Plan
- Hoop Dreams
- Back to School
- The Blues Brothers
- Major League
- Feed the Fish (Post Production)
- No God No Master (In Production)
- The Violinist (Post Production)
- Transformers 3
- The Amityville Horror