Theatrical Production Tax Credit

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The Theatrical Production Tax Credit is a refundable credit against Maryland state income tax of 25% of qualified production costs incurred within the State by Theatrical Production entities. Estimated total direct production costs incurred in Maryland must exceed $100,000 to qualify. The maximum award cannot exceed $2 million for a single Theatrical Production.

The statute creating the Theatrical Production Tax Credit can be found here. The statute also defines Theatrical Production entities that are eligible to apply for the credit as well as covered production costs. BENEFITS

The Theatrical Production Tax Credit provides a refundable credit of 25% against Maryland state income tax to eligible production entities for production costs such as set design and operation, special and visual effects, wardrobe, makeup, sound, lighting, lodging, vehicle leasing, etc. ELIGIBILITY

To qualify for the credit, the production must be a for-profit, National Touring or Pre-Broadway Production live stage theatrical production.

Additional qualification criteria for each type of production are as follows:

1) A National Touring Production: Must have at least two public performances; and After the production’s final performance (see above) is performed for a total of four weeks or more in at least four cities outside the State.

2) A Pre-Broadway Production: Must have at least eight public performances; and In the production’s original or adaptive version Has never been performed or or has been performed on a limited basis in the immediately preceding five years, and Is being prepared exclusively at the Qualified Theatrical Production Facility for a presentation in the Broadway theater district within twelve months after the production’s final performance in a Qualified Theatrical Production Facility.

Additional Qualification Criteria: All statutory requirements must be met. The submitted Application for Qualification must be complete and signed along with a completed Application Addendum. The Qualified Theatrical Production Entity must be able to demonstrate financing. APPLICATION PROCESS

The application process is as follows: Qualifying Application Prior to applying, it is recommended that you consult a tax specialist and/or a tax attorney regarding the potential tax impacts of receiving a Maryland Theatrical Production Tax Credit on your taxes or your company’s taxes. BEFORE beginning any work on the theatrical production activity in the State, an Application for QualificationMUST be submitted to the Department via email ( robin.bailey1@maryland.gov), along with ALL required attachments. Complete applications will be reviewed and approved in the order received. Applications that are materially incomplete will not be considered. Applications received prior to the time and date specified above will be ineligible and not reviewed. The date and time for applications received by email will be the date and time specified by the email system currently in use by the Department. Within 30 days after receiving a complete application, the Department will issue a Letter of Qualification confirming the applicant is qualified to receive a tax credit. The Letter of Qualification states the maximum amount of tax credits available for the qualified theatrical production activity and the fiscal year from which the credits will be drawn. Applicants who do not meet minimum statutory requirements or submit an incomplete application will be notified that they are not eligible for a tax credit. BEFORE the first rehearsal, the Application Addendum must be submitted. Final…

Topic areas: Arts and Culture.

Funding amount

This grant provides Varies in funding.

Deadline

Applications are accepted on a rolling basis; there is no single fixed deadline.

Who can apply

This opportunity is open to the following applicant types:

• Not specified by the program.

Eligibility

The program did not publish a separate eligibility statement. See the official opportunity page for the full eligibility criteria.

Agency

Theatrical Production Tax Credit is administered by Maryland Department of Commerce (MD Commerce), listed via Maryland Department of Commerce.