Tax incentives can offer great support for film and TV production, and 36 states offer some type of incentive program. However, only 16 states offer programs that benefit all aspects of nonfiction TV production.
That’s particularly odd, since non-fiction production in particular can have a very positive impact on a state’s local economy. An NPA study found that non-fiction production generates $2.43 in further economic output for every production $1 spent. Production creates full-time and temporary jobs, and increases tourism, which in turn brings dollars to local businesses. For example, Hoboken, NJ, receives roughly 200k visitors annually due to interest in the series, Cake Boss. That tourism generates roughly $20 million in economic value to the Hoboken area each year.
While the NPA continues to work on getting networks to share tax credits meaningfully with producers, you as producers – and voters - can have a critical impact on getting more states to offer incentives to nonfiction production.
Contact your state representatives and let them know how important nonfiction tax incentives are to you, and to your business. How do you go about doing that? Check out the infographic below: