07.23.2010
On Thursday, July 22, Perdue signed into law House Bill 1973, which includes a tax credit for the interactive digital media industry. In addition to interactive media, the measure Perdue signed also provides tax credit incentives for the creation of eco-industrial parks and sweetens the state’s credit for film production companies, increasing the cap on qualified expenses from $7.5 million to $20 million.
07.12.2010
Early Saturday morning, July 10th, the NC General Assembly passed HB 1973 and HB 713 that relate to the NC film and television production credit. HB 1973 increases the per project cap to $20 million (was $7.5 million) and defines employee fringe contributions, including health, pension and welfare contributions as qualifying expenses. HB 1973 also defines per diems, stipends, and living expenses as qualifying expenses. HB 713 eliminates the 6.9% corporate income tax on the incentive taken by a production company. This allows the production company to realize a full 25% of qualifying expenses.
07.09.2010
Poyner Spruill’s house band, Instruments of Justice, played Downtown Raleigh’s Buku last week to a packed house. Click here to see Evon Weston, legal secretary for the Litigation group, sing Testify.
