Rhode Island Motion Picture Production Tax Credit

Rhode Island Motion Picture Production Tax Credit

The State of Rhode Island provides a transferable tax credit that can be used to reduce personal income taxes.  The credit is generated from certified costs associated with Rhode Island made the feature-length film, video, video games, television series, or commercials.  The RI Division of Taxation issues the tax credit certificates.  The benefit to Rhode Islanders: Each of these motion picture production tax credit certificates may be transferred, assigned or sold.

THE BENEFIT TO YOU:   The credits can be used dollar for dollar to reduce your RI income tax.  For example, say your Rhode Island income tax is $1,000 you can use these credits to reduce the tax to $0.  There is no limit to the number of credits you can purchase. Contact your accountant or a broker of tax certificates to obtain the credits. Rhode Islanders get your credits.