Minnesota Tax Credits
Key Success Factors
Application
Tax credit: at least 30 days prior to production / Rebate: no later than 5pm the day before set review dates (see website)
Spend Requirements
$1,000,000
CPA Audit Required?
Yes
Loan-Out:
Registration/
Withholding
Registration/
Withholding
Yes / Yes
Residency
Both resident and non-resident BTL qualify / ATL talent, director and producer – provided MN tax has been remitted.
Program Limits
Production Cap
$5,000,000 per production
Program Cap
$25M annually. Unused credits roll into next year tax credit. Sunsets 12/31/2030.
Payroll Cap
$500,000 per hire
Program Highlights
Tax Credit Type
Transferable Tax Credit
Tax Credit Amount
22-25% tax credit
Questions about the Minnesota Motion Picture Tax Credits Program?
Get your free copy of the Alta Almanac
The Official Handbook on U.S. Motion Picture Tax Credits for Advertisers & the Ad Industry