233 Needham Street
Newton, MA 02464
Tel: (781) 325-8485
Fax: (617) 431-2270
Film Tax Credits
The Cherrytree Group has developed a practice area that applies for, brokers and syndicates film tax credits in Massachusetts. Massachusetts has a very competitive film tax incentive program for motion pictures that are produced here.
As a film production company, you may be eligible for the following:
- Sales & Use Tax Exemption
- Transferable 25% Payroll Credit
- Transferable 25% Production Expense Credit
- Feature-length film, video, or digital media project (narrative or documentary).
- TV series
All of the above must be made in Massachusetts to be seen in the theater, on television or as a television pilot in order to qualify.
Other things you need to know:
Tax liability is credited to the company’s personal income or corporate excise tax liability.
The Tax credits may be transferred or refunded by the state for 90% of their value.
If the tax credits are transferred they can be carried forward 5 years.
“The Cherrytree Group is a smart and innovative group of professionals that can create tax value where none exists and capitalize on opportunities that others cannot. I would strongly recommend working with them when such an opportunity presents itself!”
- Bobby Ryder
"The Cherrytree Group was instrumental in recouping the Brownfields Tax Credits. Their staff is excellent and they were particularly helpful in putting the documents together to help me maximize my return."
- Bob Denisco