20% REBATE PROGRAM
The Colorado Film Incentive program offers a 20% cash rebate for production costs taking place in the state. The incentive program covers feature films, television pilots, television series (broadcast and cable), television commercials, music videos, industrials, documentaries, video game design and creation, and other forms of content creation. Bonded productions are eligible to have 100% of their projected rebate escrowed up front with the bond company.
An additional component of the program is a loan guarantee program with the State guaranteeing up to 20% of a production budget. This program is only available to film productions. A production may be eligible for both the performance-based incentive and the loan guarantee programs.
20% cash rebate on qualified CO expenditures.
Negotiable loan program of up to 20% of film’s total budget.
Qualified local expenditures include ATL and BTL salaries so long as income taxes are paid in Colorado. Cap of $1 million on any one employee.
Full rebate can be escrowed upfront with the bond company to cash flow the production.
To be eligible a Colorado production company must have qualified local expenditures of at least $100,000. An out-of-state production company must have at least $1 million in qualified local expenditures (the exception being television commercials and video game productions, which must have qualified local expenditures of $250,000).
- Requires a production company that has received conditional approval for an incentive to retain a certified public accountant licensed to practice in this state to conduct an audit of financial documents that detail the expenses incurred in the course of the film production activities in Colorado, and requires such certified public accountant to certify to the office that the requirements were met.