Plante & Moran Selects Top Five Considerations for Movie Producers Seeking Michigan Tax Incentives

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In response to the State of Michigan's Film Incentive Public Acts of 2008, Plante & Moran, PLLC, the nation's 12th largest accounting and business advisory firm, has assembled a specialized team of professionals who can support movie producers with an array of services including application process assistance, cost certification, and rebate/tax credit claims.

Plante & Moran also offers additional services to help movie producers obtain maximum savings, such as real estate consulting for producers looking to build production facilities in Michigan.

In response to the State of Michigan's Film Incentive Public Acts of 2008, Plante & Moran, PLLC, the nation's 12th largest accounting and business advisory firm, has assembled a specialized team of professionals who can support movie producers with an array of services including application process assistance, cost certification, and rebate/tax credit claims.

"As with most tax incentives, applying for and filing claims are complicated processes. Plante & Moran can provide movie producers with a complete, cradle-to-grave solution - from applying for the credit or rebate to claiming the credit on a return," said Eric Wydra, a leader of Plante & Moran's specialty tax team and active member of the Screen Actors Guild (SAG). "Plante & Moran also offers additional services to help movie producers obtain maximum savings, such as real estate consulting for producers looking to build production facilities in Michigan."

According to Plante & Moran, the state of Michigan offers a number of incentives that movie producers should consider in choosing Michigan as a production location, including:

1. The richest film tax incentive package in the country, which includes a rebate of up to 40-percent on all Michigan-based production expenditures that increases to 42 percent if production activity occurs in Michigan's core communities.

2. Tax rebates for crew and labor expenses amounting to 42 percent for Michigan residents and 30 percent for nonresidents.

3. A low-interest loan program to support productions ranging from $500,000 to $15 million in value.

4. A 25-percent infrastructure tax credit for producers seeking to build a permanent studio or production facility, provided minimum investments of $100,000 and $250,000 are made in calendar years 2008 and 2009 respectively.

5. A workforce development tax credit for producers who staff their projects with Michigan residents amounting to 50 percent of qualified job training expenses.

Tax credit applications must include estimated Michigan expenditures, Michigan production days, Michigan hires, and more. Credits cover Michigan expenditures including labor and crew expenses. The Michigan Film Office emphasizes that producers who want to take advantage of the Michigan tax incentives must have an agreement approved and signed by the film office and the Michigan Department of Treasury before incurring any eligible production expenses.

About Plante & Moran
Plante & Moran (http://www.plantemoran.com) is among the nation's largest certified public accounting and business advisory firms, providing clients with financial, human capital, operations, strategy, technology, and family wealth management services. The organization has a staff of more than 1,600 professionals in 16 offices throughout Michigan, Ohio, Illinois, and Shanghai, China. Plante & Moran has been recognized by a number of organizations, including Fortune magazine, as one of the country's best places to work.

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