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Michigan Film Tax Incentives – Best in the Nation

Film Finance and Film Tax Incentives Require a Film Budget

Mar-08-2011

In the motion picture industry film finance and film tax incentives require a film budget which is custom created by a veteran line producer.  Investors likewise insist on having a detailed, accurate and reliable film budget created for their film financing endeavors.   Reliable film budgets are also fundamental for bank loans, equity, gap financing and for foreign sales agents to review a project.

A movie budget is naturally needed also for a Completion Bond company to take on a film production for consideration and bonding, which is a necessary step for film finance as well.  By having accurate and proven numbers these companies and individuals may realistically evaluate your movie production proposal.  Whether you are in the market for an indie film budget and schedule or a major studio movie budget, FilmBudget.com has many years of experience at both.

Without numbers to back up your pitch everyone in the room is guessing at what the film budgets may be rather than having a solid knowledge.   Additionally, without film budgets in hand, those requesting funding certainly appear unprepared and lacking the knowledge and experience to surround themselves with a professional producer whom can create the movie budget and speak to its authenticity.

You may only get one shot at your investors.   Make sure it’s the best presentation of a film finance plan, film budget and schedule that it can be.  Contact Filmbudget.com for film tax incentives, credits, co-productions and detailed film budgets by a seasoned professional with decades of experience on set and in the trenches!

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Michigan Film Office 2010 Annual Report

Mar-02-2011

Carrie Jones, the Michigan Film Office Director, has just released the Michigan Film Office 2010 Annual Report.   The report is required by regulation and details the Michigan film tax incentive activity for the year.   Facts and figures shed light on the films and amounts spent and the film incentive approved for the growing Michigan film and entertainment industry.

The key fact for 2010:   $293 Million was spent by productions shooting in Michigan.  $115 Million in Michigan film incentives were given as a rebate on the expenditures.   A net inward spend of $178 Million.

Let us repeat this math as so many fail to grasp its simplicity:    $293 Million inward spend – $115 Million rebate on the spend = $178 Million in net inward production spending.

These are the hard facts the opponents and the destroyer of a growing and flourishing creative industry do not want you to know.   Likewise they don’t wish you to focus on the Ernst and Young Economic and Fiscal Impacts Report of the Michigan Film Credit (below) that for every $1 (one dollar) spent on the film incentives an additional $6 (six dollars) was created in economic activity.

The Michigan film tax incentive programs support film budgets of all levels from $50,000 to over $100 Million Major Studio blockbusters which employ thousands of hard working film crew.   The incentive (actually a rebate) provides incentive for inward investment for movie production, television programming, games creation, visual effects companies (VFX) and music recording.   It has launched companies in Michigan dedicated to employe, teach and grow our film crew base and technical assets, including the Raleigh Michigan Studios in Pontiac which is resurrecting an old truck plant and creating jobs.

Contact your representative and tell them to save the film incentive program.

Film finance and film tax incentives require an accurate and proven film budget from a veteran film producer.  Filmbudget.com is the international leader in worldwide film budget and schedule services and global film tax credits.  Contact Filmbudget.com to move your production from script to screen.

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Read the Ernst & Young Economic and Fiscal Impact of the Michigan Film Tax Credit: