MASSACHUSETTS

Qualified expenditures include preproduction, production, and post production expenses related directly to the Massachusetts production. Equipment or other tangible personal property rented or purchased outside of Massachusetts qualifies as production expenses. For purchases of equipment or personal property, the qualifying cost is depreciation cost, not purchase price.

Productions must complete STE form and file with Massachusetts Department of Revenue prior to start of production. The credit application is filed after all the Massachusetts production is completed, all vendors are paid, and an audit/AUP, if required, is completed. Only one application can be filed for each project.

Individual: 5%

Loan-Out: 5%

• Credits can be cashed out with the Commonwealth of Massachusetts at 90% of face value after satisfying tax liabilities, or can be transferred at market rate.
• Entire salary of any employee whose total payments in connection with the production are $1M or greater is excluded from the qualifying aggregate payroll but is eligible for the production credit.