* A taxpayer may claim an income tax credit of up to twenty percent (20%) of the taxpayer's cash investment in the development or production of a single SC motion picture. * Credits are limited to $100,000 per taxpayer. * Unused credit may be carried forward fifteen (15) succeeding taxable years. * All Credits cannot reduce a taxpayer's income tax liability by more than fifty percent (50%) for any given year.
* A taxpayer may claim an income tax credit of up to twenty percent (20%) for the construction or conversion, or equipping, or any combination of these activities of a motion picture production or post-production facility. Minimum investments in the facilities apply. * Total credits claimed by all taxpayers may not exceed $5,000,000 in a single qualified facility. * Unused credit may be carried forward fifteen (15) succeeding taxable years. * All credits cannot reduce a taxpayer's income tax liability by more than fifty percent (50%) for a given year.