Cast & Crew Financial Services (CCFS) offers both U.S. and Canadian production incentive management services from setup to audit, as well as completion bond services and production incentive financing.
House Bill 2941 proposes to amend the West Virginia Film Industry Investment Act as follows:
Reinstates the West Virginia transferable film tax credit equal to 27% of qualified in-state spend and resident and nonresident labor, subject to West Virginia income tax;
Allows an additional credit equal to 4% on all qualified expenditures when a qualified production hires at least ten West Virginia residents in full-time or apprentice positions, including talent and above-the-line and below-the-line crew, during principal photography;
Requires a minimum spend of $50,000 in qualified expenditures;
Establishes an annual funding cap of $20 million per fiscal year (7/1 – 6/30), however, the development office may allocate a greater amount of credit for any feature length film produced with “West Virginia” in the title or if the subject of the film is clearly identified as West Virginia; and,
Requires an audit performed by an independent certified public accountant.