In 2015, legislation went into effect allowing a production company to assign the payment of an authorized Refundable Film Production Tax Credit to a third-party financial institution, or an authorized third party, one time, in a full or partial amount:
Additional information regarding the process will be available soon.
- The Production Company includes their intention to assign the payment with their project registration form.
- The confirmation of receipt from the film office will includes an acknowledgment of this intention and of the eligibility of the assignee.
- The Production Company fills out a specified form when filing the approved claim amount with their state tax or informational return.