Ohio Tax Credits
Key Success Factors
Application
Applications will be reviewed and awarded in two rounds annually: #1 – to be completed by July 31st and #2 – to be completed by January 31st. Each round awards $25,000,000 of the annual $50,000,000.
Spend Requirements
$300,000
CPA Audit Required?
Yes
Loan-Out:
Registration/Withholding
Registration/Withholding
Yes / No
Residency
Both resident and non-residents qualify
Program Limits
Production Cap
None
Program Cap
$50,000,000 through June 30th ($5,000,000 allocated for Broadway shows – leaving $45,000,000 for film/tv/commercials)
Payroll Cap
None
Program Highlights
Tax Credit Type
Refundable Tax Credit
Tax Credit Amount
30%
Testing, 1, 2…
Questions about the Ohio Motion Picture Tax Credits Program?