Motion Picture Production Tax Credit – Update to Existing Guidelines
On December 21, 2010, the Department of Taxation, in consultation with the Virginia Film Office, published guidelines regarding the Virginia Motion Picture Production Tax Credit (Public Document 10-281). These guidelines state that, as necessary, additional guidelines and rules will be published and posted on TAX’s website.
Since the initial publication of these guidelines, the Virginia Film Office has requested that the guidelines be revised to clarify several issues that have arisen. Accordingly, the Department of Taxation will publish updated guidelines to explain any revised policies and procedures. The updated guidelines will clarify issues such as the allocation of credits; when the credits may be claimed; the treatment of credits earned by pass-through entities; and certification of post-production documentation by certified public accountants. This website contains documents and links to websites that are relevant to the drafting of these updated film tax credit guidelines.
Guideline Development Documents
Workplan (PDF 18 KB)
Draft Guidelines (9/9/11) (PDF 367 KB)
Final Guidelines (8/6/12) (PDF 195 KB)
Last Updated 5/6/2013 11:10