Capturing Alaska: Exploring the Film Tax Incentive Program Pt. 3

Tools

by Russ Slaten

Story Created: Jul 25, 2012 at 10:30 PM AKDT

Story Updated: Jul 25, 2012 at 10:30 PM AKDT

The film business has seen a growing market in Alaska over the past several years, thanks to film tax credits for feature films, television shows and national commercials. But are Alaskans ready for the challenge?

The current film tax incentive program allows production groups to take a 30-percent base credit for filming in the state, and an additional 10-percent when hiring locally. Thanks to the local hire benefit, many Alaskans have seen rapid growth in their film career.

Alaska's new film tax incentive program will begin next July. The base rate stays at 30-percent for in-state production, with a boost of 20-percent for local hire, an increase of 6-percent for rural shooting, and a decrease to 5-percent for above-line professionals like directors, writers, and actors. Although tax credits increase for high-paid talent based on the budget for local workers.

Add a comment

Name:

Comment: 1000 Characters Left

Coastal Television | AK News, Weather and Sports | and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.
This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.

Poll

Should there be more safety precautions in place during Arctic Man?

  • Yes
  • No

Tonight on Your Alaska Link