cherrytree group llc logo

Cherrytree Group LLC Blog

RSS Grab the Cherrytree Group Real Estate Blog feed

Get e-mail notifications of new blog posts! Enter email address below.


Delivered by FeedBurner

 

MA Film Tax Credits are Helpful to TV Stations and Producers of Films

Wednesday, June 27, 2012
...by Warren Kirshenbaum

For the very first time, Massachusetts is identifying by name the recipients of state film tax credits, allowing the public to see which businesses taxpayers are subsidizing.

The report identifies the recipients of approximately $170 million in tax credits issued or awarded in 2011. The three biggest tax credit programs were those for historic rehabilitation (nearly $50 million), brownfields remediation ($47 million), and film and commercial production ($37.9 million).

As expected, the producers of major feature films pocketed a large amount of the film tax credits handed out last year to lure movies and commercials to Massachusetts. The top three recipients were Columbia Pictures, Thunder Buddies LLC, and Number Productions Inc., which together accounted for 69% of the total film tax credits issued.

The fourth-largest recipient of film tax credits was more of a surprise. WGBH, Boston’s public broadcasting TV station, received $4.2 million, or 11.2% of the total, for such shows as American Experience, Between the Lions,Nova, Design Squad, Frontline, and High School Quiz Show.

Some of the film tax credit money went to support WGBH productions that would have been shot in Massachusetts anyway, but station officials say the tax credits allowed them to produce more shows in Massachusetts and do more filming inside the state.

Hopkins, VP of productions, said the availability of film tax credits prompted the station to do more filming in Massachusetts for shows and allowed officials to launch High School Quiz Show. “Without the tax credits, we wouldn’t be able to do that show,” she said.

At least 45 commercials and public service announcements were produced in Massachusetts, triggering more than $1.9 million in film tax credits. Three production companies produced 31 of the commercials for credits worth $1.5 million.

The film tax credit offers companies shooting movies, TV shows, and commercials in Massachusetts a credit equal to 25 percent of whatever they spend inside the state. The credit is very attractive because it can be converted into cash by selling it back to the state or to a third party, which can use the credit to reduce its tax liability.

For help converting your film tax credit into cash, contact The Cherrytree Group.

Commonwealth Magazine

Comments (0) | Trackbacks (0) | Permalink

1

Recent Posts

Tags

commercial tax credits, Lowell wind energy tax credit commercial tax credits wind power, Boston brownfields tax credit, CT commercial real estate owners BTC program, Boston renewable energy tax credits, MA real estate investments Rhode Island capital requirements venture capital tax planning strategies solar energy markets sustainable technology distressed asset sales federal new market tax credits Historic tax credits how REITs works FERC news investment tax credits energy tax credits contractors, Boston, MA low-income housing tax credits investment into business investment tax credit Brownfields tax credit program, Boston Gulf Coast victimized clean energy selling tax credits equity investments historic preservation tax credits, Boston Historic rehabilitation tax credits, MA real estate CHAPA historic preservation tax credit Massachusetts capital funding renewable energy tax credtis, Boston build a wind farm renewable energy, Boston brownfields projects, MA capital finance community development affordable housing Brownfields tax credt, Boston gasoline market manipulation rehabilitate properties new housing developments economic growth capital line funding brownfields laws financial incentives to develop real estate in MA tax incentive deals Historic rehabilitation tax credits investing in apartments, MA tax credits, MA historic preservation tax incentives, Boston 40B credited with spurring upwards of 80% new development tax credits for development Austin renewable resources wind farm development Brownfields tax credt, MA selling tax credits for cash capital renewable energy jobs commercial tax credit attorney asset stripping Business Financing commercial tax credit real estate investment trusts biomass facilities brownfields tax credits, Boston real estate business asset Massachusetts state tax credits business capital solar system SREC landfill gas facility American Recovery and Reinvestment Act of 2009 - Section 1603 renewable energy program free up capital market rate housing tax credit, MA The Cherrytree Group heat and power environmental projects massachusetts non-profit Massachusetts BTC, Boston film tax credit incentives Warren Kirshenbaum renewable energy facility foreign investors brownfields tax credit, MA laws of Brownfields brownfields tax credit brownfields, CT brownfields, MA capped landfills real estate projects renewable energy projects banking economy PTC BP Gas station owners energy efficient tax deductions historic rehabilitation tax credits, Boston develop renewable energy systems sydicator of tax credits solar investment tax credit recession power generation, MA Tax Credit Massachusetts Brownfields Tax Credits community rehabilitation tax credits renewable energy certificates building improvements obtaining capital BTC, Massachusetts tax credit sydication negative environmental effect borrowing by small businesses power generation, Boston tax credits for wind power, Boston tax advantages value-added services brownfields tax incentives, Boston wind power REAL program equity wind tax credits, Boston tax credit consultant historic rehabilitation, Boston preservation of mills historic rehabilitation production tax credit, Boston REIT industry federal low income housing tax credit solarize Massachusetts commercial buildings disaster relief, Boston wind energy credit movie tax credit cherrytree group llc private equity offerings venture development capital MA biomass power private equity, MA fuel cell initiatives Chicago expiring tax credits deduction for energy efficient buildings investing in commercial real estate, Boston distressed assets Cape Wind restoration projects Massachusetts Ballot Questions, Question 2 Explained Transactional Law Group Fim Tax Credits polluted sites tax credit, New Bedford gas station loss of income real estate investment, Boston gasoline price fixing commercial properties wholesale acquisitions solar pilot program development in Massachusetts historic preservation tax credit, Boston independent gas station owners real estate development multi-family apartments commercial tax credts, Boston investing in real estate in MA devastating environmental damage NIMBY not in my back yard MA distressed asset investment fund residential properties QECBs alternate funding american recovery and reinvestment act The Transactional Law Group - MA MA Brownfields tax credt BTC's, Boston investing in apartment projects, MA Louisianna federal tax credits Chapter 40B vote results historic tax credit wind production tax credit new normal new market making money with commercial real estate brownfield cleanup program engery tax credit, MA tax advantages, Boston tax-excempt bonds cleantech capitals community development entity community development financial institutions commercial real estate small business loans energy efficient property outsourcing film tax credit investments in solar energy geothermal power private equity offerings BTC, Boston rownfields Act income tax credit distressed asset investment fund, ma business loans San Jose renewable energy solar capacity brownfields tax credit, Boston destructive oil spill commercial real estate attorney federal energy regulatory commission rehabilitating historic buildings, Boston historic rehabilitation tax incentives, Boston investing in parking lots Boston Marathon microturbines buy commercial real estate, MA Quincy, MA commercial building tax deductions renewable engery credit, MA Commonwealth Solar Rebate Program tax credit to spur redevelopment foreign investment monstrous oil spill Massachusetts tax credit program economically distressed areas portability of tax credits tax advantaged development EB-5 Regional centers solar energy array projects solar farms commercial real estate investments state historic tax credits clean technology residential real estate credits renewable tax credits, Boston wind tax credit invest in commercial real estate non-renewable energy sources solar energy federal and state tax credits borrow money solar renewable energy credits new york pops Fim Tax Credit revenue investments wind energy tax credit, Boston preservation of historic buildings REITs, Boston 1603 Treasury Grant buy real estate, MA green energy projects tax credt build green Former Getty owners solar projects wind engery tax credit, MA tenant representative invest in real estate green standards ITCs, MA energy systems RI investment tax credits, MA RAO historic tax credits, Boston ITC, Boston methods of renewable energy production brownfield redevelopment, CT biodiesel distressed asset investment Brownfields tax credt program, Boston partial equity participation solar energy properties monetization of ITC, Boston the difference between tax credits and tax deductions state tax credits, MA non-bank resources for capital funding depressed and booming markets Historic tax credits, MA energy tax credit real estate properties declining property values american symphony orchestra Brownfields sites credit line funding low income housing tax credits business solar investment tax credit tax credits, RI wholesale energy ITCs LSPA, Boston PTC, Boston tax incentives and credits historic remediation, MA Seattle new market tax credits workforce development rehabilitation Massachusetts historic rehabilitation tax credit film tax credit money, MA LIHTC Massachusetts tax credits brownfields redevelopment examine tax credits renewable energy expensive to produce renewable energy tax credits Brownfields tax credit, Massachusetts secure capital private equity renewable energy tax break marine and hydrokinetic, solar solar ITC new market tax credit EPA brownfields grant money private sector investment private equity offerings, ma tax breaks Brownfields sites, MA commercial leases new markets Housing Development Incentive Program tax credits speaker series business investment energy companies HUD insured mortgages distressed asset investing monetize a renewable energy tax credit, Boston Commercial Real Estate Loan Amortization Periods film tax credit, Boston private equity' midterm elections new energy technologies tax credits to help economy capital raising questions, MA EB-5 extending Brownfields tax credit, Boston Brownfields credits renewable energy grants brownfields Credits, MA New Markets Tax Credit, Boston tax credit programs, New Bedford Brownfields Tax Credits, MA cleantech cities real estate attorney, ma weak economy credit for income producing properties commercial financing sale of a tax credit San Francisco MGL Ch 21E informational technology tax credits on brownsfields developing real estate in MA small residential properties solar power Historic credits, RI tax deductions LIHTCs SRECs Massachusetts Contingency Plan wind farm tax credit solar installations low-income neighborhoods office space solar facilities urban redevelpment investing in surface lots money lending historic property preservation, Boston Housing Development Incentive Program, Quincy commercial tax credits, Boston disaster recovery assisstance, Boston financing solar installations small business commercial tax credit program, MA real estate lawyer, MA Massachusetts gas station owners private investments Martha's Vineyard film credits, MA commercial real estate in MA raising capital, MA new markets tax credit program tax credits for gateway cities, New Bedford solar energy credits real estate strategy investors in renewable energy Housing Development Incentive Program, MA cost of producing renewable energy Plymouth, MA historic and low income housing renewable energy development NYC tax credits cleantech Kirshenbaum Real Estate tax credit broker invest in development projects renewable energy credits, MA real estate lawyer solar power initiative BP oil spill developers, Boston, MA more control over financing costs solar investment tax sale of renewable energy credits commercial tax credits, MA Massachusetts Brownfields tax credit, Boston investment tax credtis, Boston development of the renewable energy industry environmental remediation massachusetts BTC program, Boston solar energy production Brownfields Act, economically distressed areas, Massachusetts Brownfields Tax Credits, Massachusetts Contingency Plan, MGL Ch 21E, RAO, remedy operation status, renewable energy, sale of tax credits, tax advantaged development, tax credit syndication, tra federal tax Credit loaning money to consumers Historic credits business thayer morgan interivew Massachusetts film tax credit private sector investments fuel cells converting tax credits to cash, MA multi-family construction investment objectives RECs community block grants economic slump wind Massachusetts brownfields tax credits, MA tax deductions solar energy development visas for imigrants commercial real estate investment citizens housing and planning association Brownfields tax credt renewable energy credit invest wind incentive infrastructure investment tax credit syndication extension of BTC, Boston Historic tax credits, RI equity requirements Kirshenbaum Law, Cherry Tree, LLC, Real Estate, MA Quincy Broad Medows Salt Marsh green energy global energy demand wind power technology tax credits for environmental clean up, Boston production tax credtis, Boston tax incentives construction investing in commercial real estate tax credit investments REIT investments hedging transactions solar power development federal government new market program renewable energy funding wind subsidies real estate, Boston sources of funding Summertime Economy in Boston brownfields redevelopment, CT visas for buying homes finance motion picture tax credits REITS hydro energy production tax credit programs market rate program, MA renovation projects real estate investment trusts, Boston historic building tax credit, New Bedford brownfields remedy operation status tax credits, Boston developing real estate, MA 1603 Grant economic development bill, MA what is Brownfields tax credit, Boston Brownfields Act, MA solar power project development qualified energy conservation bonds Boston multi-family housing, MA Federal Historic Rehabilitation Tax Credit LIHTC tax credits new markets investments capitalism downturn federal investment tax credit solar initiatives traditional funding energy efficiency improvement projects commercial real estate lawyer alternative funding sources debt-service Historic Preservation Investment Tax Credit new market credits commercial energy tax deductions historic rehabilitation tax credit EB-5 Green Card Program transfer of tax credits NMTC historic rehabilitation tax credit, Boston construction jobs engery credit, MA real estate attorney list of brownfields sites film tax credits, MA state film tax credits, MA brownfields tax credits tax relief thayer morgan Massachusetts brownfields tax credits, Boston commercial tax credits, Fall River converting tax credits to cash largest accidental marine oil spill RECs, MA state tax credits foreign capital investing in surface parking lots brownfields redevelopment, MA new markets tax credits economics of environmental projects production tax credit renewable energy, MA expensive to produce environmental remediation tax credits rural energy for america program Brownfields programs Broad Medows Salt Marsh trash facility state and federal tax credits, Boston large capital projects hydro electric power Massachusetts brownfields tax credit brownfields projects, Boston rehabilitation of historic buildings, Boston real estate deals sale of tax credits renewable energy tax credits, Boston commercial tax credits, New Bedford renewable energy incentives renewable energy industry oil spill Cape Cod multitude of renewable resources tax credits to fix up historic buildings renewable energy tax credit hydro power permitting procedure historic rehabilitation credits offshore wind renewable energy credits monetizing your tax credits renewable energy tax credit, Boston deepwater horizon oil spill geothermal boycotting BP gas stations energy production REIT wind energy credits Brownfields program, Boston Chapter 40B explained

Archive

Disclaimer

This Blog is made available by the lawyer publisher for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and the Blog publisher. The Blog should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.