The Las Vegas strip with its glamourous casinos, spectacular shows and throngs of merrymaking tourists is iconic in the American imagination. But there is more in Las Vegas – and in Nevada – for producers. Filmmakers who travel to the state will find locations that include stunning rock formations, abandoned mining towns and motels that suggest “Psycho”-esque mystery and evil. Add to that Nevada’s 15% transferrable tax credit for all cumulative qualified production costs, as well as bonuses for qualifying productions, and you’ll get a plum shooting destination.
Specifically, Nevada offers a 15% incentive for above-the-line resident labor and 12% for nonresident labor. For below-the-line labor the incentive is also 15%, but there’s no incentive for below-the-line nonresident labor. A 5% bonus is triggered if more than 50% of the filming days occur in certain rural counties
For the program, qualified production costs in the state must be greater than $500,000. At lease 60% of the production budget, including pre-production, production and post-production, must be incurred in Nevada as qualified direct production expenditures. However, if all post-production is completed outside of Nevada, post-production expenditures can be withheld from the 60% calculation
There’s project cap of $6 million per production. The overall program cap is $10 million.
Recent productions shot in Nevada include “Free Solo” (2018), “Gloria Bell” (2018), “Unsolved: The Murders of Tupac and the Notorious B.I.G.” (2018), “White Boy Rick” (2018), “Twin Peaks” (2017), “Jason Bourne” (2016), “War Dogs” (2016), “The Big Short” (2015) and “Creed” (2015).
|15%||Transferrable tax credit, with 5% bonus for rural shoots|
|$500k||Minimum qualified production|
|$6m||Cap per production|