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Ellington Walford

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Aug 4, 2024, 8:42:55 PM8/4/24
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Companiesproducing a qualified musical and theatrical production in a Level 1 qualified New York City production facility can receive tax credits of 25 percent of qualified production expenditures up to $3 million per production. A Level 1 qualified New York City production facility is a facility in Manhattan in the area bounded by and including 41st Street, 54th Street, 6th Avenue and 9th Avenue; in which live theatrical productions are intended primarily to be presented; containing five hundred seats or more along with at least one stage and additional necessary amenities for theatrical productions; and for which live theatrical productions constitute 75 percent or more of gross receipts for the facility.

Companies producing a qualified musical and theatrical production in a Level 2 qualified New York city production facility can receive tax credits of 25 percent of qualified production expenditures up to $350,000, provided that the qualified musical and theatrical production have a production budget of at least $750,000 and incur at least $750,000 in qualified production expenditures. A Level 2 is a facility in Manhattan; in which live theatrical productions are intended to be primarily presented; containing one hundred seats or more along with at least one stage and additional necessary amenities for theatrical productions; and for which live theatrical productions constitute 75 percent or more of gross receipts for the facility.


Companies applying for the NYC tax credit must implement a New York State-approved diversity and arts jobs training plan and take actions to increase access to productions for low-income residents. Highly successful productions, those showing ongoing revenues more than 200% of their ongoing production costs after reaching the end of their credit period, will be required to contribute to the NYS Council for The Arts Cultural Program Fund, up to 50% of the tax credit.


The Program is allocated funding for five years and companies can receive credits for tax years beginning on or after January 1, 2021 but before January 1, 2026. Initial applications must be submitted prior to the first public performance and before June 30, 2025 and final project summaries no later than 90 days after the credit period end date.


To qualify, a Musical and Theatrical Production generally must be a live, scripted performance with one or multiple performers that, in its original or adaptive version, is performed in a Level 1 Qualified New York city production facility or a Level 2 qualified production facility in New York City


Applicants should review the Program Guidelines carefully and consult the Chart of Application Materials and the List of Non-Qualified Costs before submission of an application. Guidelines contain detailed information about eligibility, qualified costs, application process, materials and regulations that govern the Program.


Final project summaries must be submitted to the Department no later than 90 days after the credit period end date. If a qualified production company chooses to have its final application reviewed by a pre-qualified CPA firm, the final project summary and all supporting documentation must be submitted to the pre-qualified CPA firm selected to review the final application by the due date above and the Department must be notified by the qualified production company that the final application will be submitted to such firm.


For more detailed information about whether your production is subject to this requirement, when evaluation of profits must begin, how to track the information, and payment options, please refer to the Program guidelines.


The Empire State Musical and Theatrical Production Tax Credit Program is designed to encourage musical and theatrical production companies to conduct pre-tour activities, technical rehearsals and to perform shows at locations in Upstate New York, home to some of the premier regional venues for musical and theatrical production.


The Program provides incentives for qualified production companies to conduct technical rehearsals and other pre-tour activities and perform shows in qualified regional theaters throughout Upstate New York. The program encourages the use of these Upstate entertainment venues, making them competitive with other venues located in Northeastern states that offer similar tax incentives to musical and theatrical productions.


Program credits of $8 million per year can be allocated and used to encourage companies to perform and conduct technical rehearsals and other pre-tour activities in Upstate New York, to help stimulate the Upstate economy.


Qualified companies may be eligible to receive a fully refundable credit of 25 percent of certain production and transportation expenditures directly related to the technical period* at a qualified facility in Upstate New York.


Expenses associated with performing a show for a paying audience in a qualified production facility are eligible if the show in question has not been previously performed in any facility, other than a qualified production facility, subsequent to the completion of the technical period* in a qualified production facility.


Advertising, marketing and publicity, compensation for services performed at a location other than a qualified production facility, and any expenditure for the technical period* of the musical and theatrical production incurred at a location other than a qualified production facility are not eligible expenditures.


*Technical period means those activities performed by technical personnel of a qualified touring production prior to commencement of a tour, including, but not limited to, those personnel responsible for lighting, sound, wardrobe and props.


To be considered a Qualified Production Facility, Empire State Development must receive an application and attestation indicating acknowledgment and compliance with program criteria. A list of facilities that meet the criteria of a Qualified Production Facility can be found here:


Applicants for the Musical and Theatrical Tax Credit Program should read the Program Guidelines and Appendix A that contain detailed information about eligibility, qualified costs, the application process, application materials and key terms and definitions that are used in the statute, regulations and documents that comprise the application.


There are two fillable pdf files for applicants to the Musical and Theatrical Tax Credit Program. The application consists of a several documents that must be received by Empire State Development for an application to be deemed complete.


If you are interested in more details or have specific questions about the Program, please contact the Empire State Musical and Theatrical Tax Credit Program at (212) 803-2328 or via email at [email protected].


Application Guidelines

Application for Qualification

Application Addendum

Authorized Direct Costs

Non-Qualified Vendor - Due Diligence Form

Application for Final Tax Credit Certification

Maryland Theatrical Production Expenditure Report

Agreed Upon Procedures

Statute


Please note that as part of the Application for Tax Credit Certificate, the theatrical production entity must certify that there are no amounts owed to any Maryland entity which provided goods or services in connection with the Theatrical Production activity. If amounts are outstanding, the Department will not issue a Tax Credit Certificate. A Tax Credit Certificate will not be issued until the Maryland Office of Tourism and Film receives confirmation that all outstanding amounts have been paid.


Keep It Real Acting Studios offers a wide variety of classes for any actor seeking a home to develop their craft. Our studio is dedicated to providing a personal touch while encouraging the growth of each actor.


As the leading institution, specializing in preparing people for careers in acting, the Studio has always had a strong commitment to the success of its students. Efforts undertaken to assist students include introductions to agents, managers, and casting directors. The Studio also provides personal counseling in resume writing, interviewing, and presentation skills.


In addition to his acting gigs, he works as a commercial casting director and session director as well as teaching and providing career guidance to young actors or those just getting into the business. He also directs theatrical and industrial video productions through his own independent production company.


Doug studied acting with master teacher Cliff Osmond for 15 years and improv with the LA Connection. He began teaching commercial classes 12 years ago and theatrical classes in 2003. He has also taught in San Francisco, Chicago, Oakland, Phoenix and Santa Barbara and recently returned from Tokyo where he taught American acting to Japanese students.


Theatrical Creme Kits come overflowing with a full supply of professional tools and products for theatrical, performance, and film makeup. These products include a range of our smooth and highly pigmented classic creme foundations, rich contour, blush, and highlight colors, flexible nose & scar wax, aging hair color, versatile liquid latex, and various creme colors and more.


This kit enables performers, students, or anyone wanting to acquire a versatile collection of high-quality performance grade makeup to portray a broad spectrum of characters. Seven skin tone specific kits are available in a range of fair, light, olive, and brown skin tones.

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