ARTICLE
19 August 2014

Production Tax Incentives For Video Games

FK
Frankfurt Kurnit Klein & Selz

Contributor

Frankfurt Kurnit provides high quality legal services to clients in many industries and disciplines worldwide. With leading practices in entertainment, advertising, IP, technology, litigation, corporate, estate planning, charitable organizations, professional responsibility and other areas — Frankfurt Kurnit helps clients face challenging legal issues and meet their goals with efficient solutions.
While tax incentives for film and television productions receive a lot of publicity, many states offer valuable business incentives for the production or development of video games as well.
United States Media, Telecoms, IT, Entertainment

While tax incentives for film and television productions receive a lot of publicity, many states offer valuable business incentives for the production or development of video games as well. In some states the incentives can be very significant -- e.g., as high as a 35% of qualified spending. Some credits are transferable. And in some jurisdictions developers may even receive cash refunds for unused credits. An incentive can make investment in the project more attractive, or even become the decisive factor in whether a game gets made or not. Whether you're a start-up deciding where to launch a new game production company, or an established developer deciding where to base a new development team, knowing where the incentive programs are can be critical.

To help our clients and friends identify the different states that make production tax incentives available for video game production, we put together an overview of the current terms and requirements of the programs for video games offered in the United States. You can read the summary here.

www.fkks.com

This alert provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More