Film or media credits are offered by several states. They are used to attract media production activities in the states offering the credits. Like all credits, they can offset a taxpayer’s tax liability dollar for dollar. There are no federal film tax credits.
The state of Georgia offers the most flexible and generous film credit of any state. It has attracted film makers such as Disney, Paramount Pictures and Sony to the state of Georgia.
In 2010 the State Tax Credit Exchange acquired the exclusive right to market all of Disney’s 2009 Georgia Film Credits and successfully placed all of them.
For more on film credits, please visit our film credits page.
LOW INCOME HOUSING CREDITS
Low income housing tax credits were first created in 1987 by the federal government to encourage the development of low income housing. Many states have adopted a state low income housing credit patterned after the federal credit. The following states have enacted rules which permit the transfer of state low income housing credits: Arizona, Arkansas, Colorado, Georgia, Hawaii, Louisiana, Massachusetts, Missouri, Utah and Virginia.
Buyers of state low income housing tax credits can use these credits against their state income tax liabilities. The credits are typically purchased at a significant discount from their face value. This provides the buyer with tax savings and the seller with cash. The State Tax Credit Exchange is the largest provider to individuals of Georgia Low Income Housing Tax Credits. We also have experience marketing low income housing credits in Missouri, Louisiana, Arkansas and Hawaii.
For more on low income housing credits, please visit our LIHC page.
RENEWABLE ENERGY CREDITS
Renewable energy credits are relatively new in most states. They have been authorized by states to encourage the development of renewable sources of energy, primarily solar and wind. To obtain state renewable energy tax credits a prospective buyer typically must invest in a partnership which either owns directly or indirectly in a entity developing renewable energy.
For more on renewable energy credits, please visit our renewable energy credits page.
HISTORICAL TAX CREDITS
Historic tax credits, sometimes called rehabilitation tax credits, are found in many states.
They are typically patterned after the federal historic tax credit. They are awarded for
projects which restore and preserve the architectural integrity of buildings and other
structures of historical note.
To obtain state historic tax credits a prospective buyer must invest in a partnership which
either owns directly or indirectly the structure being rehabilitated.
The following states have historic tax credits: Arkansas, Colorado, Connecticut,
Delaware, Florida, Georgia, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,
Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, New
Hampshire, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,
Rhode Island, South Carolina, Utah, Vermont, Virginia, West Virginia and Wisconsin.
For more on historical credits credits, please visit our historical credits page.