Tax credits and incentives are effective options to stretch your production budget further. Here are the latest film and TV production tax incentive updates for July 2025.
California
California’s Tax Credit Program 4.0 officially opened for applications dated after July 1, 2025, which raises the state’s base credit to 35%. Shoots relocating from other states or countries will be eligible to up to 40%. A recently passed bill also expands allowable project types to include animated films, as well as animated television programs and large-scale competition television shows with budgets over $1M per episode.
As mentioned in our June incentives update, the state recently increased the Film & TV Tax Credit Program cap from $330M to $750M as well.
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New Jersey
Recent legislation passed in New Jersey will enhance the state’s Production Tax Credit program. Notably, the Film and Digital Media Tax Credit Program has been extended through 2049. For state studio partners, the base credit has increased from 35% to 40%, and the total tax credit rate is now capped at 45%.
Additionally, uplifts have been introduced for projects that employ economically disadvantaged cast and crew members, and for the promotion of New Jersey. With simplified credit usage and credit transfers, these changes are aimed at strengthening the industry in New Jersey.
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Louisiana
Effective July 1, 2025, per-project caps and per-person wage limits were eliminated in the state to help enhance the program’s appeal to major productions and large-scale film projects.
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Oklahoma
Effective July 1, 2025, Oklahoma now requires a 4.75% withholding on loan out wages.
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Other updates to keep an eye on
Alaska: House Bill 113 proposes a 25% base credit on qualified expenses with a proposed $20 million annual cap, and looks to develop the Alaska Film Production Promotion Program. The bill remains in review under the House Finance Committee.
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Pennsylvania: Legislation remains under consideration to raise the state’s annual cap to $125 million, up from $100 million.
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Wisconsin: Senate Bill 231 is awaiting a vote by the full Senate. This legislation would provide a 30% tax credit on wages paid to residents working on productions in the state of Wisconsin.
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Want the latest updates on film and television tax incentives?
Follow GreenSlate and our VP of Production Tax Incentives, Michele Miller, on LinkedIn, and check out the GreenSlate State Incentives Tax Map.
This information in this communication is general in nature, and is not intended, nor should it be construed, as legal, accounting, tax or other professional advice rendered by GreenSlate, LLC. The reader should contact his or her attorney, CPA, or tax professional prior to taking any action based upon this information.
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