U.S. Virgin Islands Tax Credits
Key Success Factors
Application
Must have a pre-application meeting with the economic development authority (USVIEDA). May apply up to 30 days after the start of principal photography.
Spend Requirements
$250,000
CPA Audit Required?
Yes
Loan-Out:
Registration/
Withholding
Registration/
Withholding
Yes / No
Residency
V.I. Residents only; and a minimum of 20% of hires (ATL + BTL) must be VI residents. Also, ATL crew member must speak at local university.
Program Limits
Production Cap
$500,000 / $1,050,000
Program Cap
$2,500,000 annually
Payroll Cap
$500,000
Program Highlights
Tax Credit Type
Transferable Tax Credit / Rebate
Tax Credit Amount
Up to 17% Tax Credit / Up to 29% Cash rebate
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