Oklahoma Film Incentives
HB1716 and HB2793 [pending 2006] (68 OS §2357.101)
25% income tax credit on reinvested film/music profits
No limit, except income tax liability
No appropriation required from legislature
No carryover (reinvest prior to year end)
Administrative Rules will be posted here when available
Oklahoma Film/Music Rebate Program 15%
HB1547, pages 57 – 59 (68 OS §3624)
15% cash rebate, sliding scale based on resident crew percentage *
Paid July following income tax filing
$2M film production budget; $1.25 Oklahoma expenditures
$5M annual rebate fund
50% Oklahoma resident crew
Distribution contract required
* 15% (100-50%); 10% (40-25%); 5% (25-0%)
Winchester, Speaker Pro-Tem (left) and D-Sen.
Debbe Leftwich (right) creating the 25% Film &
Music Reinvestment credit. Authored by Paul
Tompkins and Fred Imel, CPA of CrazyFish
Films (middle left/right) and effective
immediately, the bill promotes motion pictures
which reinvest profits into other Oklahoma
projects. Gov. Brad Henry signs the important
legislation.
plans with Oklahoma Gov. Brad Henry.
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405-924-3220
info@imelpc.com
