Film Tax Credit definition

Film Tax Credit means the tax credits allowed pursuant to the 2008 Georgia Entertainment Industry Investment Act, O.C.G.A. § 48-7- 40.26.
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Film Tax Credit means any and all tax credits earned under the provisions of La. R.S. 47:6007 as a result of any investment in, and expenditure by Debtor in acquiring and renovating the Property to serve as a “state-certified infrastructure project” (as defined in La. R.S. 47:6007(B)(12)).
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Film Tax Credit means the credit allowed pursuant to the Georgia Entertainment Industry Investment Act, O.C.G.A. § 48-7- 40.26.
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Examples of Film Tax Credit in a sentence

  • Prior to claiming any Film Tax Credit, each new film, video, television or Interactive Entertainment project must be certified as meeting the guidelines and the intent of the Act.

  • Projects must have entered ‘Preproduction’ in order for expenditures to qualify for the Film Tax Credit.

  • Work-for-hire service companies, including postproduction houses, catering companies, equipment rental houses, and motion picture laboratories are not eligible to receive the Film Tax Credit, but the Production Companies employing them may include these expenditures as part of their project expenses.

  • In the instance of a work-for-hire, the work-for-hire company will not be eligible for the Film Tax Credit.

  • It is a voluntary submission which is part of the final application to the Film Tax Credit Program.

  • In addition to the statutory references cited above, the following general descriptions and DOR public written statements provide detailed information describing the tax credits: Film Tax Credit Motion picture production companies may claim (1) a credit equal to 25% of the total qualifying aggregate payroll for employing persons within the commonwealth in connection with filming and production of a motion picture and (2) a credit equal to 25% of their Massachusetts production expenses.

  • Production Companies that act as a conduit to enable other production companies’ projects to qualify for the Film Tax Credit that would not otherwise be eligible on their own will not be certified for Film Tax Credits.

  • Expenditures for the development phase of projects do not qualify for the Film Tax Credit.

  • Only one production company per project may receive certification for the Film Tax Credit.

  • QUALIFIED COMPANIES AND PROJECTSOnly production companies are eligible to apply for the Film Tax Credit.

Related to Film Tax Credit

  • Input Tax Credit means the credit of input tax;

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

  • Tax Credits means the low-income housing tax credits found in Section 42 of the Code, and all rules, regulations, rulings, notices and other promulgations thereunder.

  • working tax credit means a working tax credit under section 10 of the Tax Credits Act 2002;

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • UK Tax Deduction means a deduction or withholding for, or on account of, Tax imposed by the United Kingdom from a payment under a Loan Document, other than a FATCA Deduction.

  • Transaction Tax Deductions means any Tax deductions relating to (i) the Company Transaction Expenses, and (ii) repayment of the Indebtedness, including any unamortized deferred financing fees in connection with the Indebtedness.

  • Tax Attribute means a net operating loss, net capital loss, unused investment credit, unused foreign tax credit, excess charitable contribution, general business credit or any other Tax Item that could reduce a Tax.

  • Transaction Payroll Taxes means the employer portion of any payroll or employment Taxes incurred or accrued with respect to any bonuses, option exercises, payments to employee stock option holders or other compensatory payments made in connection with the transactions contemplated by this Agreement.

  • Tax Refund means any refund of Taxes (including any overpayment of Taxes that can be refunded or, alternatively, credited or applied to future Taxes payable), including any interest paid on or with respect to such refund of Taxes.

  • Tax Deduction means a deduction or withholding for or on account of Tax from a payment under a Finance Document.

  • Agreement combined tax rate means the sum of the tax rates:

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Tax Items shall have the meaning set forth in Section 6.4.A.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Transaction Deductions means all Tax deductions available to any Group Company, to the extent permitted by applicable Law, as a result of or in connection with the repayment of Indebtedness, the payment of Group Company Transaction Expenses and payments of amounts that would have been Group Company Transaction Expenses but for the fact that they were paid prior to the Closing, and the payment of any fees or other costs and expenses associated with the transactions contemplated by this Agreement, in each case that are economically borne by Seller.

  • Carryback means any net operating loss, net capital loss, excess tax credit, or other similar Tax item which may or must be carried from one Tax Period to another Tax Period under the Code or other applicable Tax Law.

  • Gross receipts tax means any gross receipts, sales, use, excise, value added or any similar tax.

  • foreign tax means any Foreign Income Taxes or Foreign Other Taxes.

  • Tax Benefit means any refund, credit, or other reduction in otherwise required Tax payments.

  • Tax Asset means any net operating loss, net capital loss, investment tax credit, foreign tax credit, charitable deduction or any other credit or tax attribute that could be carried forward or back to reduce Taxes (including without limitation deductions and credits related to alternative minimum Taxes).

  • Relevant Tax Authority means HMRC, or, if applicable, the tax authority in the jurisdiction in which the Supplier is established;

  • Tax Refunds means refunds of any Cash paid by the Participating CCAA Parties on account of Taxes, refunded to such Participating CCAA Parties from time to time by the applicable Taxing Authorities;