Virginia Tax Credits

Application

Must apply at least 30 days prior to production, and begin production within 90 days of approval. Must demonstrate best-faith effort to film at least 50% of principal photography in State.

Spend Requirements

$250,000 for tax credit / no minimum for grant

CPA Audit Required?

Yes

Loan-Out:
Registration/Withholding

Residency

Both residents and non-residents qualify

Production Cap

None

Program Cap

$6,500,000 (tax credit) / $4,150,000 (grant)

Payroll Cap

$1,000,000 per hire

Tax Credit Type

Refundable tax credit / Discretionary MPOF Grant

Tax Credit Amount

15-40%