What is a Qualified Production Facility?

Have a production and would like to receive the New York State Film Tax Credit? Be Electric Studios is now a Qualified Production Facility (“QPF”) fulfilling all the guidelines required to net your production this coveted tax break.

 

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Is my production eligible for the tax credit?

This is the 30% question. The guidelines can seem obscure, so here’s a bit of a guideline to see if your production qualifies!

Your production must be a:

  • feature film

  • episodic television series

  • television pilot or presentation

  • television movies and miniseries.

What else is needed to qualify?

  • If the budget of your production exceeds $15 million or is produced by a publicly traded company, then you must shoot 10% of the principal photography in a Qualified Production Facility in New York.

  • Likewise, if your project is independently produced (or has a budget under $15 million), then you must shoot at least one full day of principal photography in a New York State Qualified Production Facilities to qualify for the film tax credit.

  • Finally, TV pilots must also shoot one principal photography day at a New York State QPF, and 75% or more of total expenses—excluding post-production—must relate to work shot at a QPF.

More questions? Head over to the New York State Film Tax Credit office and run your numbers through the Budget Cost Qualifier.


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Why Be Electric?

With multiple studios that qualify for the NYS Film Tax Credit, massive sound-insulated elephant doors to protect your shoot from street noise, and a responsive expert support staff (including producers, directors and a variety of gear experts), Be Electric can not only help you determine whether you qualify for the NYS film tax credit, but also is a flexible, full-capacity choice for all your production needs -- all within the New York City limits.