Michigan Movie Industry Tax Rebates and Tax Credits
Under a program called "Michigan Filming Incentives," the state of Michigan has recently begun to offer very generous tax credits to film studios and movie producers. For every dollar spent making a film in Michigan, the state offers a rebate of 40 to 42 cents. This unprecedented rebate has the potential to turn Michigan into a center of American cinematic culture rivaling Hollywood. However, complications can easily arise.
The attorneys at the Bashore Green Law Group can help you deal with Michigan's State laws and regulatory agencies to make sure that your next project goes smoothly. To schedule an initial consultation with one of our lawyers, call 586-697-2375 or contact us on-line.
Tax Rebates Make Investing Easy
In Michigan, a low-budget, $2 million dollar independent film would receive roughly $800,000 in tax rebates. If the filmmaker approaches investors in need of $500,000 in seed money, the tax rebate ensures that the investors will be repaid. Tax rebates can even be sold and bundled into securities and mutual funds.
In this way, the rebate can act as collateral for investors who might otherwise be hesitant to fund your project.
Of course, the Michigan Filming Incentives program is new, and as such, this is a new area of law. Our lawyers will be passionate advocates on your behalf and we will do everything we can to make sure your film project is a success. We represent clients in the Detroit area and throughout Michigan.
To schedule an initial consultation, call 586-697-2375 or contact us on-line today.
