Film Incentive Update
House Bill 1010 is still alive although it has changed significantly since it was introduced in January. The incentive portions of the bill have been removed but it re-instates the existing incentive program for future years.
The bill was recently approved by the Senate Appropriations Committee and has been referred to the full Senate for final approval. When approved by the Senate it will go back to the House of Representatives for their approval of changes made to the bill in the Senate and then it will move to Governor Ritter for his signature.
When Governor Ritter signs the legislation the Film Commission will become part of the Office of Economic Development & International Trade, on or around July 1, 2009. When the Film Commission becomes part of the state it will also get a new name - it will become the Office of Film, Television & Media.
Leeds 2009 Economic Study
The Leeds Business School at the University of Colorado has completed an economic study that shows an expanded incentive program will generate a significant amount of new film business in Colorado.
List of HB 1010 Supporters
Colorado Film Festival Information
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Film Related Events In Colorado
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The Colorado Film Incentive Program rebates 10% of the below the line cost of producing a film, documentary or television program when that project is produced and filmed in Colorado.
Production companies must spend a minimum of 75 per cent of their below-the-line budgets in Colorado and a minimum of 75 per cent of their payroll on Colorado residents to qualify for the rebate.
All production companies seeking to participate in the Colorado Film Incentive Program must complete and submit a Statement of Intent Application to the Colorado Film Commission, which will review applications for the Colorado Economic Development Commission.