DEED announces film and TV projects for Minnesota’s Film Production Tax Credit
July 29, 2022
St. Paul – The Minnesota Department of Employment and Economic Development (DEED) announced eligible projects for Minnesota’s Film Production Tax Credit. The tax credit program was enacted in 2021 as an incentive for film and TV productions to bring their business to Minnesota. State incentives are one of the major contributing factors when deciding where to produce a project and Minnesota is one of 33 states that offers this incentive as an economic development tool. The 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, and typically most projects will spend more in the state than the amount that qualifies for the credit.