Film Tax Credits Can Lead to Costly Liability If You Don’t Play By the Rules


Film Tax Credits Can Lead to Costly Liability If You Don’t Play By the Rules

by Anthony Caruso on June 5, 2012

States are increasingly offering film, television, and digital entertainment tax credits. These incentives create significant cost savings for companies producing feature films, television series, music videos and commercials.

However, as highlighted by a recent criminal case in Massachusetts, it is important to play by the rules. The Massachusetts director who filmed two movies on Cape Cod has been sentenced to a maximum of three years in state prison after admitting he exaggerated expenses when he applied for Massachusetts film tax credits.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Anthony Caruso, Scarinci Hollenbeck | Attorney Advertising

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