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Film Production Tax Credit

Minnesota’s Film Production Tax Credit provides an assignable 25% income tax credit to production companies that spend at least $1,000,000 in a taxable year for eligible production costs. Applications are accepted on a rolling basis, and allocations are made on a first-come, first-served basis until the program’s $5 million annual maximum has been fully allocated.

The 2022 program is currently accepting applications. As of December 5, 2022, $6.6 million in allocations remain available for the 2022 tax year. Unallocated 2022 credits will become available for use in the 2023 program on January 3, 2023.

The 2023 program is currently accepting applications. As of December 5, 2022, $4.5 million in allocations remain available for the 2023 tax year.

New for the 2023 program:

  • Above the line compensation paid to one non-resident producer, one non-resident director, and non-resident principal acting talent is eligible. Eligible expense is capped at the first $500,000 in wages for each individual in those roles, provided that required Minnesota withholding taxes are remitted. Individuals that hold more than one position are only eligible once.
  • Above the line compensation paid to a resident producer or director is capped at the first $500,000 in wages, provided that required Minnesota withholding taxes are remitted. Individuals that hold more than one position are only eligible once.
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