Alaska Film Incentives | SprocketHeads, LLC

Program Summary

The Alaska Film Production Incentive Program is an economic development initiative created to encourage growth of the film industry in Alaska. Applicants can qualify for a transferable tax credit on qualified production expenditures in Alaska.

What projects are eligible? Eligible projects are broadly defined as film, documentary, commercials, and video projects. We require a minimum of $75,000 of qualified expenditures in Alaska. Unlike some incentive programs, we do not have salary caps or project caps. We do not require your company to be domiciled in Alaska, nor do we have minimum requirements for principle photography days or Alaska hire. However, we provide additional incentives for Alaska hire, off-season production and productions filmed in rural locations.

Table 1: Alaska’s Tax Credits – General
	Current Program	Program as revised by SB23
Effective Dates:	September 2, 2008 thru June 30, 2013	July 1, 2013 thru June 30, 2023
Incentive Type:	Transferable Tax Credit	Transferable/Refundable Tax Credit (buy-back at 75% – subject to appropriation)
Total Tax Credits Available:	$100 million (thru 6/30/2013)	$200 million (7/1/2013 thru 6/30/2023)
Tax Credit “lifespan”:	3 years from date of issue	6 years from date of issue

Table 2: Alaska’s Tax Credits – Tax Credit Rates (%)
	Current Program	Program as revised by SB23
Base Rate on Alaska Ground Spend:	30%	30%
Alaska-Resident Wages: (ATL & BTL)	+10% (40% total)	+20% (50% total)
non-Resident ATL Compensation:	30%	$200 million (7/1/2013 thru 6/30/2023)
non-Resident BTL Compensation:	30%	6 years from date of issue
Rural Filming: (Rural Community Definition)	+2% (Population 5,500 or less – 1,500 if on road system)	+6% (Population 10,000 or less – 1,500 if on road system)
Off Season Filming: (October 1 thru March 30)	+2%	+2%
Special Credit:	n/a	+6% for the first scripted episodic TV series completed (16 episodes required)

Table 3: Alaska’s Tax Credits – Eligibility/Restrictions
	Current Program	Program as revised by SB23
Project Cap:	None	None
Personnel Cap:	None	None
Minimum Spend:	$100,000	$75,000
Application Fee:	None	2% of estimated qualified expenditures ($5,000 max)
Qualification Period:	24-months	36-months
	(projects Qualified before 7/1/13 remain under current program for their entire 24-month qualification period.)
End Credit Acknowledgement:	Requested	Required “Filmed in Alaska with the Support of the State of Alaska”
Eligible Project Types:	Broadly defined: film (feature and documentary), television, and commercial productions
Expense Verification Required?:	Yes – Independant Alaska-licensed CPA (at production’s expense)

Note: Alaska has no State Income Tax and no statewide Sales Tax, so our incentive program is just the tip of the iceberg of your possible Alaska savings.