West Virginia Business Resource Directory

West Virginia Tax DepartmentProgram: Film Industry Investment Tax CreditFinancial AssistanceS t a t e w i d eContactWest Virginia Division of TourismPam Haynes304.558.2200Pam.J.Haynes@wv.govTargetAudienceFundingFilm and audio visual production businesses.N/ATotal available: N/AMinimum or maximum amount a participant can receive:ApplicationProcessApplication is filed with the West Virginia Film Office for approval.Deadlines:Description • Tax credit in an amount equal to up to 31% of direct productionexpenditures in West Virginia and the post production expenditures inWest Virginia that are directly attributable to the production of a commercialfilm or audiovisual product.• No more than $10,000,000 of credits may be allocated in any given tax year.• The credit offsets the Business Franchise Tax, the Corporation Net IncomeTax and the Personal Income Tax for up to 3 tax years.• There is no carry back to prior tax years.EligibleApplicantsRestrictionsFilm and audio visual production businesses.Failure to fulfill statutory requirements may result in recapture or recalculationof the tax credit.W E S T V I R G I N I A D E V E L O P M E N T O F F I C E D–43