Incentives

You asked for conventional incentives. You got them!

 

Up To 17% Transferable Tax Credit.

 Resident Hires  Transferable Tax Credit
 20-25%  10%
 25.1-30%  15%
 30.1% or Greater  17%

 

Up To 29% Cash Rebate.

 Amount  Note
 9%
 ADDITIONAL 10%  With a USVI  promotion
 ADDITIONAL 10%  If produced in St. Croix

 

USVI FILM INCENTIVE LAW, ACT 7728

QUALIFICATIONS

  •        Minimum spend of $250,000
  •        Minimum of 20% local resident hires (including crew, extras, actors and maximum of three (3) paid interns.
  •        Include credits, i.e. “Made in the USVI” or “Portions Made in the USVI” and other acknowledgements
  •        Above-the-line-crew member speak at local school or university.

NOTE: Production companies/studios that corporately establish themselves in the USVI for purposes of long-term production, recording, distribution and/or management may be eligible for 90% tax relief through the Economic Development Commission. For info visit: www.usvieda.org or contact the USVI Film Office.

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