NC REBATE LEGISLATION
In August 2014, the North Carolina Film and Entertainment Grant was established by Senate Bill 744 and went into effect in January 2015. Originally a $10M allocation, the grant provides the funding for the rebate program (up to 25% of the production's direct in-state spend) the state offers to productions.
In September 2015, the film and entertainment grant saw some slight changes via House Bill 97, which also included raising the per fiscal year allocation of funds to $30 million.
In 2017, as part of the state's biennium budget, Senate Bill 257 from Session Law 2017-57, $15M in recurring funds was added to the remaining $19M from in unused funds from the previous fiscal year to make $34M available for the 2017-18 fiscal year and an additional $31M -- which are now designated as recurring -- available for the 2018-19 fiscal year. Additionally, as part of a technical corrections bill--Senate Bill 582 from Session Law 2017-212--that was passed by the Legislature and signed by the Governor in October 2017, the sunset date on the program has been eliminated.
In June 2018 as part of Senate Bill 99 from Session Law 2018-5, the minimum spend requirement for a feature-length film dropped to $3 million while a sub-category within features was created for made-for-television movies, whose minimum spend was established at $1 million. The legislation also increased the television series per project cap to $12 million per season (their minimum spend remains at $1 million/episode) and the cap also increase for features, including made-for-television movies, to $7 million.
Most recently, in November 2021 as part of Senate Bill 105 from Session Law 2021-180, the minimum spend requirement was revised to now be $1.5 million for a feature length film and $500,000 for a made-for-television movie. Additionally, the minimum spend requirement for television/streaming series also dropped to $500,000/episode while the per season max rebate amount was raised to $15 million.
Click here for more information on the Film and Entertainment Grant