Fillable Form Fpc - Film Production Credit

Do not include nonresidents who did not perform

If the production company is a C corporation, sole

services in Montana.

proprietorship or limited liability company taxed

as a C corporation, the election is made by the

If you have more than 16 cast and crew members

production company. If the production company is

participating in the qualiﬁ ed production, you may use

an S corporation, a partnership, or a limited liability

additional copies of Schedule I.

company that elects to be taxed as an S corporation

Column B – Enter the social security number of each

or partnership, the election is made by each of the

cast or crew member.

shareholders, partners, or members for their share of the

credit, and not by the entity.

Column C – Before you can claim the cast or crew

member as a Montana resident, you will need to

The election is a one time irrevocable election to

have the individual complete Montana Form FPC-RD,

treat any unused employment production credit as a

Montana Declaration of Residency. You are required to

carryforward credit that can be carried forward up to four

maintain the forms in your company records and provide

succeeding tax years and applied against any further

us a copy if requested.

tax liabilities or to have it refunded to you upon ﬁ ling this

year’s tax return.

Column D – Enter the total amount of compensation

that you paid to each Montana resident during your

Line 2 – Enter your qualiﬁ ed expenditures credit from

production.

Schedule II, Column D, line 23 on line 2.

Include the amount of social security wages and taxable

Line 3 – Add the amount on lines 1 and 2 and enter the

beneﬁ ts that is reported on federal Form W-2. Do not

result on line 3. This is your combined ﬁ lm production

include amounts paid to independent contractors for

credit.

contract labor reportable on federal Form 1099-MISC.

Recapture of previously claimed credits. If the

Column E – Your employment production credit is

Department of Commerce revokes a production

limited to 14% of the ﬁ rst $50,000 of compensation paid

company’s state certiﬁ cation, the production company

to each Montana resident. Add the amounts in Column E

is required to refund any amount of the employment

and enter on line 18. Multiply the amount by 0.14 (14%)

production or qualiﬁ ed expenditures credit claimed and

and enter the result on line 19. Enter the result on Form

to pay penalties and accrued interest as if the amount

FPC, page 1, line 1. This is your employment production

required to be refunded is unpaid tax.

credit.

Administrative Rules of Montana: Title 42, Chapter

Schedule II Qualiﬁ ed Expenditures Credit

4, Subchapter 33

Column D, Line 1 – Enter on Column D, line 1, the total

Questions? Call us toll free at (866) 859-2254 (in

amount of qualiﬁ ed expenditures previously submitted,

Helena, 444-6900) .

and include a copy of your previously submitted Form

FPC-PP with the application.

Column A – Enter the name of the business or

individual that you paid. Do not include any expenses

that you previously submitted and reported on line 1.

Refer to page 1 of the instructions for a deﬁ nition of

qualiﬁ ed expenditures.

Column B – Enter a brief description of the qualiﬁ ed

expenditures (i.e. lumber, lodging, meals, maintenance,

etc.).

Column C – Enter the date you paid the qualiﬁ ed

expenditure.

Column D – Enter the total amount of each qualiﬁ ed

expenditure. Add the amounts in Column D and enter on

line 22. Multiply the amount by 0.09 (9%) and enter the

result on line 23. Enter the result on Form FPC, page 1,

line 2. This is your qualiﬁ ed expenditures credit.

Total Film Production Credit

Line 1 – Enter your employment production credit from

Schedule I, Column E, line 19.

Form Fpc - Film Production Credit - 2013 Page 5

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