Secondary Incentives
Hold on set!
Incentive Type:
Qualifying Production Types
Music Videos, Animation, Commercials, Documentaries, Scripted TV, Interactive, Feature Film
Sunset Date
January 1, 2026
None
Wrapbook's Rule to Remember
On top of a Credit and Grant options, Virginia also offers certain tax exemptions of note.
Basic Incentive Information
- Spend15%
- Above the Line Residents15-35%
- Above the Line Non-Residents15%
- Below the Line Residents15-35%
- Below the Line Non-Residents15%
- Minimum Spend$250,000
- Funding Cap$6,500,000 for Tax Credit / $4,150,000 for Grant
- Project CapNone
- Loan Out RegistrationNo
- Loan Out WithholdingNo
- CPA Audit RequiredYes
- Screen Credit RequiredYes
In order to get the maximum return listed in ranges, check out Additional Bonuses.
Project Criteria
Contact the film office for more details.
Additional Bonuses
Virginia Resident First-Time Industry Employee Credit: a credit of 10% percent of the total aggregate payroll for Virginia residents who are employed as first time actors or first time members of a production crew in connection with a production in Virginia. It must be the employee’s first time receiving compensation and wages as either an actor or as a member of a production crew on a film, ever, anywhere, and the employee must be a Virginia resident.
Contact the film office for more details.
How to Apply
The project must go into pre-production within 90 days of the application’s approval. If motion picture production continues for more than one year, a separate application for each tax year the production continues must be made.
The Virginia Film Office will respond within 30 business days of each application.
Contact the film office for more details.
Additional Information
For the grant: the Governor's Motion Picture Opportunity Fund (GMPOF) offers discretionary grants to production companies and studios. For grant consideration, the application must be submitted 30 days prior to the start of principal photography and the applicant must demonstrate that 100% of the anticipated financing is in place. In addition, a condition of receiving the grant is a joint public announcement between the production company and the Governor. The project must begin physical production within 12 months following application submission to the Virginia Film Office.
The biggest difference between the programs is that the grant does not require a minimum spend. $5,150,000 will be available for the grant in 2024.
For goods with a purchase price of $25,000 or more, the amount included in qualifying expenses is the purchase price less the fair market value of the good at the time the production is completed.
Contact the film office for more details.
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Disclaimer
At Wrapbook, we pride ourselves on providing outstanding free resources to producers and their crews, but this page is for informational purposes only as of the date above. The content on our website is not intended to provide and should not be relied on for legal, accounting, or tax advice. You should consult with your own legal, accounting, or tax advisors to determine how this general information may apply to your specific circumstances.