Film Tax Credits
Create inspiration and boost local economies.
Monarch Film Credits
Monarch Film Credits, a division of Monarch Private Capital, has placed over $800 million of film, television, and digital media tax credits since 2006. Our division head, Marco Cordova, is one of the foremost film tax credit experts in the nation, previously working for a major motion picture studio and another large entertainment company. Monarch:
- Helps major studios and independent productions place film tax credits generated in U.S. jurisdictions offering transferable tax credits
- Assists Fortune 500 companies, private companies, and high-net-worth taxpayers to use film tax credits to offset their state tax liabilities
- Works with freely transferable tax credits in states such as Georgia, Massachusetts, California, Illinois, Connecticut, Pennsylvania, Nevada, New Jersey, Rhode Island, and Montana
- Has a large and experienced team of CPAs, tax attorneys, and accountants to help ensure our tax credit placement transactions are processed timely and accurately
Our goal is to provide best in class service and value for tax credit consumers and production clients, which support local communities and economies through film, digital, and television projects.
Monarch’s portfolio of tax credit placement projects includes large box office hits and popular streaming and television shows.
Making a Difference
We help producers monetize their film and television tax credits, which creates thousands of jobs annually in filming jurisdictions that offer transferable tax credits. The productions also support many local businesses, including hospitality, restaurants and caterers, retail, and other service companies in filming locations.
For example, with our home office in Atlanta, we are the leading tax credit placement specialist in the state of Georgia. The Georgia film tax credit program has generated more than $4 billion of tax credits since the program’s inception. In fiscal 2019, Georgia film and TV spending reached $2.9 billion for the year. According to the Motion Picture Association of America, the Georgia film and TV industry created more than 92,000 jobs as of mid-2018, representing nearly $4.6 billion in wages.
Example of impact on the state of Georgia
Film & TV Spending
Many states offer film & entertainment tax credits to encourage production, expenditure and job-creation within their states. For example, in 2005, Georgia approved the Film Tax Credit to generate revenue and entice film producers to come to the state. In 2008, Georgia passed O.C.G.A. §48-7-40.26 to further entice film production for the purpose of creating jobs and increasing expenditures in the state.
The production company can sell the credits to raise capital to offset expenses of the production and ultimately lower their budget. Taxpayers will pay for a tax credit and receive anywhere from a 5% to 15% discount on the value of the film tax credit, depending on the state, tax year, amount, and seller profile.
Example of Taxpayer’s Benefit
$25,000 Tax Liability
Taxpayer enters into a tax credit transfer agreement for $25,000 of 2019 Georgia film tax credits from a Major Studio.
88 cents Per Dollar
The taxpayer agrees to pay 88 cents per dollar of tax credit.
$22,000 Taxes Owed
The taxpayer will owe $22,000 ($25,000 x $0.88).
The taxpayer will save $3,000 ($25,000 -$22,000) on this transaction less any capital gains taxes owed.
Our National Film Tax Credit Team
Tax Credit Specialists
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