Iowa Film, Television and Video Project Promotion Program
Requirements:
**At this time all new film projects are suspended until further notice.**1. 25% of qualified spending is returned to the investors as transferable Iowa income tax credits.
2. 25% of qualified spending is returned to the producers as transferable Iowa income tax credits.
For example, if a project has $1,000,000 of qualified spending, then the investor pool earns $250,000 in transferable Iowa income tax credit certificates.
3. 100% income exclusion for vendors - tax-free income.
4. Registration requirements:
At least $100,000 spending in Iowa;
5.
No caps per project or on program;
Ongoing spending consultation;
Rapid credit certificate turnaround;
No state permits, no state fees;
Public property free for locations;
Lodging tax waived on 32nd day.
6. Pass-through eligibility: Labor, goods and services.
For more information, please contact:
Jessica Montana
(515) 725-3124
Fax: (515) 725-3010
jessica.montana@iowa.gov
traveliowa.com/film
