COLORADO

ON THE GOVERNOR'S DESK (Awaiting Signature)

April 30, 2010

The bill, in addition to allowing television commercials to apply for an incentive, removes the requirement that a production company must spend at least 75% of its production expenditures on qualified local expenditures.  Also, the minimum spend for a production originating out-of-state is reduced from $1 million to $250,000.  Currently, the actual qualified local expenditures have to equal or exceed the projected qualified local expenditures on a project to be eligible for the incentive. The new bill would only require the actual qualified local expenditures to equal or exceed the minimum spend requirements.

For more information please contact:

Joe Bessacini
Vice President, Film & TV Production Incentives
818-480-4427
jbessacini@castandcrew.com

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