Incentive:
15-25% for residents and 15% for non-residents.
Annual Cap: $6,500,000 for tax credit. $3,000,000 for grant.
Project Cap: None
More Info:
Eligible types include commercials, documentaries, feature films, pilots, scripted television, and video games. At least 50% of principal photography must be in Virginia.
Applying for the credit?
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Use our budget template to add qualified expenses to the proper chart of accounts as required by the state.