Rates & additional benefits
15% of cumulative qualified production costs; 15% on wages, salaries and fringes for Nevada resident personnel; 12% on non-resident ATL personnel; 5% resident BTL crew bonus and 5% rural-location bonus when statutory tests are met.
Production type & commercial eligibility
Commercials not confirmed. Additional commercial conditions are not stated in the source-cited record.
Qualifying expenditure
Pre-production, production and post-production expenditures including wages and purchases/rentals from Nevada businesses; Nevada qualified production costs must exceed $500,000 and at least 60% of the production budget must be incurred in Nevada as qualified direct production expenditures.
Labor & residency
ATL: 15% resident and 12% non-resident wages, salaries and fringes. BTL: 15% Nevada resident and 0% non-resident. Individual/loan-out compensation cap $750,000; resident producer compensation capped at 10% of qualified expenditures and non-resident producer compensation at 5%. Loan-out withholding is none and registration is not required.
Application timing
Apply before principal photography; principal photography must begin within 90 days after approval; production must be completed within 18 months after commencement; accountings/documentation are due within 270 days after completion; credit issued 45 days from audit.
Caps & funding conditions
$6,000,000 per production; total program funding cap $10,000,000 per fiscal year; remaining credits may be carried over.
Audit requirements
Approved-CPA audit required; credit must be used within four years of issuance; transfer requires notice to the State before transfer and before expiration.
Receiving the incentive
Transferable tax credit; must notify the State before transfer. Credit expires four years after issuance.
Program dates
- Effective date
- Not stated
- Program end date
- Not stated
A program end date is not necessarily an application deadline.