In the nation’s smallest state by territory, studios and networks can avail themselves with one of the largest production incentives: a hefty transferrable tax credit on qualified spend.
Rhode Island is known for its seacoast, where large bays alternate with inlets; for its blue-blood wealth and stately mansions of Newport, which co-exist along the small-town charm of nearby areas; and for an ivy league university (Brown) that acts as a magnet for brainy kids worldwide.
Another advantage of Rhode Island locations: they’re all just about a one-hour drive from Boston, which has emerged as a major production hub, and about a three-hour drive from New York City, the nation’s media capital and one of world’s most important production centers.
Specifically, the main incentive is a 25% transferrable tax credit on qualified spending in the state that includes both resident and non-resident above-the-line and below-the-line labor.
To qualify, a project must spend a minimum of $100,000. There’s no project cap for film and television production.
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Recent projects shot in Rhode Island include “November Criminals” (2017), “The Polka King” (2017). “The Discovery” (2017), “Bleed For This” (2016), and “The Purge: Election Year” (2016).
| Incenitves | |||
| 25% | Transferrable tax credit on qualified spending | ||
| $100k | Minimum spend | ||
| 0 | Project cap for film and TV production | ||
| Information courtesy of EP Financial Solutions, a production incentive consulting and financial services company. |
