The U.S. Tax Cuts & Jobs Act (“TCJA”) was passed by the United States Congress in December 2018. It allows for a full (100%) motion picture tax write-off (regulated by passive investments) through the Providence Film Group (“PFG”) until 2027. CLICK HERE [goto B1] for more information.
Providence Film Group (“PFG”) is legally structured to partner with certain accredited foreign venture capitalists who wish to make a Direct Investment into the US film industry in line with the United States Citizenship and Immigration Services (“USCIS”) EB5-Visa program leading to US Citizenship. CLICK HERE [goto B2] for more information.
Qualified PFG investors receive an Executive Producer film (is this proposed or did you find this was standard?) credit on projects invested in, a return on their investment, a 100% US tax write-off and/or a US Green Card under the EB-5 Visa program.
Movie Production Incentives (“MPIs”) are tax benefits offered on a state-by-state basis throughout the United States to encourage in-state film production. These incentives came about in the 1990s in response to the flight of movie productions to other countries such as Canada.