Certified Visual Media Production Credit Worksheet

2011

CERTIFIED VISUAL MEDIA PRODUCTION CREDIT

WORKSHEET INSTRUCTIONS

General Instructions

The Certiﬁ ed Visual Media Production Credit is based on visual media production exenses, deﬁ ned below. To claim the credit,

a visual media production company must obtain a Visual Media Production Certiﬁ cate from the Department of Economic and

Community Development (“DECD”). For more information on how to apply for a Visual Media Production Certiﬁ cate, go to

The credit is available to corporations through Form 1120ME and available to individuals

who are owners/members of pass-through entities and sole proprietors through Form 1040ME. The credit is available only

for the tax year during which the visual media production is completed.

Visual media production expenses are expenses incurred in Maine with respect to a certiﬁ ed visual media production

for the following: expenses associated with preproduction, production and postproduction; construction costs; operations;

editing and related services; music, photography and ﬁ lm processing, including transferring ﬁ lm to tape or digital format;

sound recording, mixing and synchronization; lighting, makeup, wardrobe and accessories; transportation; food and lodging

for cast and crew; insurance and bonding; rental of facilities and equipment, including location fees; and any other expenses

incurred in Maine with respect to a certiﬁ ed visual media production not speciﬁ cally excluded by law (see

SMRSA § 13090-

L).

Visual media production expenses do not include the following: marketing, advertising, printing or disseminating a visual

media production; wages, salaries, commissions, or any other form of compensation or remuneration paid to employees

for personal services; payments made to temporary employee-leasing companies; payments made to performing artists;

and contractual payments for the service of individuals working in Maine for which reimbursement was claimed under the

Certiﬁ ed Visual Media Production Reimbursement Program (see 36 MRSA, Chapter 919-A and Maine Form 841ME), or for

which reimbursement could have been claimed but for the $50,000 limitation.

Speciﬁ c Instructions

Line 1.

Enter the total visual media production expenses incurred, as described in the General Instructions above. If you

are an owner in a pass-through entity, enter on line 1 only that portion of the visual media production expenses

that reﬂ ects your ownership percentage in the entity.

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