2010 Annual Report

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Utah Film Commission

OVERVIEW The Utah Film Commission markets the entire state as a location for film, television and commercial production by promoting the use of local professionals, support services and Utah locations. The film commission is a client driven program, which serves international, out-of-state and in-state production companies along with Utah support services and crew. Utah Code Ann. § 63M-1-1805 MOTION PICTURE INCENTIVE FUND The purpose of the Motion Picture Incentive Fund (MPIF) is to encourage the use of Utah as a destination for the production of motion pictures, television series, and made-for-television movies. The State of Utah provides financial incentives to the film industry so that the state is capable of competing successfully with other states and countries that offer film production incentives. The MPIF allows the state to foster a strong local motion picture industry that will contribute substantially to improving the state’s economy. The MPIF functions as a tax credit or cash rebate for approved productions and operates on a post performance basis on expenditures that are made in the state.

FISCAL YEAR TOTALS Features/Independents/ Cable Features Total Projects: 20 Total Production Days: 424 Economic Impact: $48,972,634 Television Total Projects: 23 Total Production Days: 130 Economic Impact: $3,042,680 Commercials / Videos / Industrial / Documentary / Shorts / Stills Total Projects: 68 Total Production Days: 45 Economic Impact: $1,122,118 Other Related Film Activities Sundance Film Festival: $62,700,000 Overview Total Projects: 111 Total Production Days: 599 Total Economic Impact: $115,837,432

State Approved Rebate Percentages • Tax Credit – 20% on dollars left in the state with no per project cap • Cash Rebate – 20% on dollars left in the state up to $500,000 per project • Cash Rebate – 15% on dollars left in the state up to $30,000 per project Dollars Left in the State Requirements • Minimum $1 million spend for the 20% incentive • Minimum $200,000 spend for the 15% incentive Funds Allocated for Tax Credit • Fiscal Years 2010 – 2011: $15,587,400 G o v e r n o r ’s O ff i c e o f E c o n o m i c D e v e l o p m e n t • A n n u a l R e p o r t 2 0 1 0 • w w w. b u s i n e s s . u t a h . g o v

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2010 Annual Report by Utah Governor's Office of Economic Opportunity - Issuu