Massachusetts Film Tax Credit

Massachusetts Film Tax Credit Summary

  • Applicable against corporate, bank, insurance premium, and individual income tax.
  • Initial tax year for applying the credit is the tax year when the film credit application was received.
  • Carried forward to any of the 5 subsequent taxable years beyond 2023.
  • Transferee, buyers, or assignees may use and carry forward credits to any of the 5 subsequent taxable years from the first taxable year the credit was allowed to the initial transferor.
  • Credits are refundable or in the alternative can be carried forward for up to 5 years.
  • Credits can be sold, transferred, or assigned.
Other states offering film / entertainment tax credits