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Film Production Credit

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Minnesota’s Film Production Tax Credit provides an assignable 25% income tax credit to production companies that spend at least $1,000,000 in 12 consecutive months for eligible production costs.

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Apply for the Credit [+]

Claim the Credit [+]

If DEED accepts your credit application, you will receive a Tax Credit Certificate. You will file a Minnesota tax return with this certificate for the year you incurred eligible expenses.

How you report the credit depends on how you file your state taxes.

If you are filing as a	Report the Film Production Tax Credit on
C corporation	Form M4, Corporation Franchise Tax Return
Fiduciary	One of these: Form M2, Income Tax Return for Estates and Trusts Schedule KF, Beneficiary’s Share of Minnesota Taxable Income (if distributing the credit to beneficiaries)
Individual or sole proprietor	Schedule M1C, Nonrefundable Credits
Insurance company	One of these: Form M11, Insurance Premium Tax Return for Property and Casualty Companies Form M11L, Insurance Premium Tax Return for Life and Health Companies Form M11T, Insurance Premium Tax Return for Township Mutual Companies
Health Maintenance Organization (HMO)	Form M11H, Insurance Premium Tax Return for HMO’s
Partnership	One of these: Form M3, Partnership Return Schedule KPI or KPC, Partner’s Share of Income, Credits and Modifications (if distributing the credit to partner)
S corporation	One of these: Form M8, S Corporation Return Schedule KS, Shareholder’s Share of Income, Credits and Modifications (if distributing the credit to shareholders)

Credit Assignment [+]

Taxpayers who receive a credit certificate from DEED may assign (transfer) their credit to another taxpayer. The credit must be assigned prior to claiming any portion of the credit.

To assign the credit, complete the Optional Film Production Tax Credit Certificate Assignment on page 2 of the credit certificate. Send a copy of the completed assignment form to the address shown on the form for your tax type within 30 days. You will receive a confirmation letter after we receive the assignment.

Contact Info

Email

Contact form

Phone

651-556-3075

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Address [+]

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Last Updated

December 20, 2024