Program Comparison:
| Current Program | Revised Program | |
 |
||
| Effective Dates: | Sept. 2, 2008 to June 30, 2013 | July 1, 2013 thru June 30, 2023 |
| (Projects Qualified before 7/1/13 remain under current program provisions) | ||
| Eligible Project Types: | Broadly defined: Film (feature and documentary), Television, and Commercials | |
| Incentive Type: | Transferable Tax Credit | Transferable/Refundable Tax Credit (buy-back at 75% - subject to appropriation) |
| Total Tax Credits Available: |
$100 million (thru 6/30/13) | $200 million (7/1/13 thru 6/30/23) |
| Tax Credit "Lifespan": | 3 years from date of issue | 6 years from date of issue |
| Application Fee: | None | 0.2% of estimated qualified expenditures ($200 minimum | $5,000 maximum) |
| End Credit Acknowledgement: |
Requested | Required: "Filmed in Alaska with the Support of the State of Alaska" |
|
||
| Base Rate: (Alaska Ground Spend) |
30% | 30% |
| Alaska Resident Wages: (ATL & BTL) |
+ 10% (40% total) | + 20% (50% total) |
| non-Resident ATL Compensation: |
30% | 5% (+ dollar amount equivalent to 50% of Alaska Resident Wages) |
| non-Resident BTL Compensation: |
30% | 30% |
| Rural Filming: | + 2% | + 6% |
| (Rural Community Definition) | (Population 5,500 or less 1,500 if on road system) |
(Population 10,000 or less 1,500 if on road system) |
| Off Season Filming: (Oct. 1 thru March 30) |
+ 2% | + 2% |
| Special Credit: | n/a | + 6% for the first scripted episodic TV series completed (16 episodes required) |
|
||
| Project Cap: | None | None |
| Personnel Cap: | None | None |
| Minimum Spend: | $100,000 | $75,000 |
| Qualification Period: | 24-months | 36-months |
| Expense Verification: | Required - Independent Alaska-licensed CPA (at production's expense) | |
|
||
