×

Rocky Mountain High: Colorado’s 20% Cash Rebate Offers Quick Payback

Producers who go to Colorado to shoot their projects may already be familiar with the state if they’ve frequented Vail and Aspen, its major ski resorts. They appreciate Colorado’s diverse geography, which includes the scenic Rocky Mountains, stretches of desert, and deep woodlands. Plus, Denver, the state capital, provides cityscapes for urban-set films and TV shows. But most important, Colorado offers them a 20% cash rebate.

To qualify for the rebate, out-of-state productions shooting in Colorado must spend a minimum of $1 million on qualified expenditures for film or TV projects. The minimum spend for Colorado-based production companies is $100,000.

In addition, productions must hire a workforce (cast and crew) comprised of at least 50% Colorado residents. The maximum allowed compensation cap is $1 million per individual.

Applications for the rebate must be approved by the Colorado Office of Film, Television & Media (COFTM) before beginning principal photography. The state website says checks for the cash rebate are issued no later than 45 days after receipt of CPA audit and other required documentation.

Recent projects shot in Colorado include “Our Souls at Night” (2017), “The Space Between Us” (2017), “Hostiles” (2017), “Infinity Chamber” (2016), “The Hateful Eight” (2015) and “Furious 7” (2015).

Incenitves
20% Tax rebate
$1m Qualified spending required
50% Portion of crew who must be Colorado residents
Information courtesy of EP Financial Solutions, a production incentive consulting and financial services company.

Popular on Variety

More Artisans

  • Roma Cinematography

    'Mission: Impossible - Fallout' and 'Roma' Win LMGI Awards for Motion Pictures

    Two major 2018 releases – actioner “Mission: Impossible – Fallout” and critics’ darling “Roma” – were honored for film location work by the Location Managers Guild International at a ceremony this evening at the Eli & Edythe Broad Stage in Santa Monica. The 6th Annual LMGI Awards also recognized “Chernobyl” and “Tom Clancy’s Jack Ryan” [...]

  • Peaky Blinders Season 5

    Time-Jumping Season 5 of 'Peaky Blinders' Aims for a More Cinematic Look

    Cinematographer Si Bell was thrilled to learn he and director Anthony Byrne had been tapped to shoot the fifth season of BBC’s “Peaky Blinders,” but surprised to find out how free a hand executive producers Caryn Mandabach and Jamie Glazebrook were giving them to determine the scheme of their six-episode run. “I expected to meet the [...]

  • Ad Astra

    How 'Ad Astra' Production Crew Created Authentic Look for Brad Pitt Space Drama

    In “Ad Astra,” Brad Pitt’s astronaut Roy McBride crosses the solar system to find and confront his long-lost father, requiring the movie crew to create an authentic-looking future that conveys the theme of traveling long distances to learn the lesson that it’s where you started from that has the most value. “Visually, the aim was [...]

  • Women in Animation Logo

    WIA Partners With Animation Mentor, Toon Boom to Expand Scholarship Program

    Women in Animation has partnered with Animation Mentor and Toon Boom to expand the organization’s WIA Scholarship Program with workshops and software packages. WIA scholarships are given to animation students with a financial need and who demonstrate talent and passion for animation that will lead to a promising career in the field. The Animation Mentor [...]

  • Steven Poster ICG National President

    DP Steven Poster to Receive SOC Lifetime Achievement Award

    Stephen Poster, cinematographer on such classics as “Donnie Darko” and Madonna’s “Like a Prayer,” will receive the Lifetime Achievement Distinguished Service Award from the Society of Camera Operators at a ceremony on Jan. 18, 2020. SOC grants the award to an Individual who has served the community at large and/or the Society through outstanding service [...]

  • Swedes Call for Incentives to Keep

    Swedes Call for Incentives to Keep Potential Runaways at Home

    Horror film “Midsommar” did it last year. A new adaptation of the Swedish classic “The Emigrants” will do it next year. Prestigious productions that could have taken advantage of beautiful Swedish locations and craft expertise continue to run away to foreign locations for lower costs and tax incentives. Despite having a strong film industry creatively [...]

More From Our Brands

Access exclusive content