The credit is equal to 30 percent of the cost of eligible production-related expenditures. The film’s tax credit application says producers planned to hire more than 850 Ohioans — 750 extras, 70 production crew members and a couple dozen actors.
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The production budget also includes more than $3 million in equipment rental and purchases, $313,247 in lodging, $311,750 in location fees and $525,039 in other costs — including catering and transportation.
The film’s total planned production budget is $15.8 million, all of which was to be spent in Ohio. About 71 percent of those expenditures qualified for the 30 percent credit. Producers have to file paperwork prepared by an accounting firm to get the credit.
Statewide, filmmakers have already claimed $10.8 million in tax credits through the third quarter of this fiscal year, which ends June 30. This year, the total allowable budget for the credit was doubled to $40 million.
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The tax credits can be applied to offset each film company’s tax liability, and any extra can result in a payout.
Ohio Department of Taxation officials say confidentiality rules prohibit them from disclosing exactly how much was paid to any specific production.
The film tax credit has its detractors, including those who argue most of the benefit goes to out-of-state workers and that it creates a special deal for Hollywood that creates no lasting economic benefit.
But supporters say in addition to the thrill of celebrity sightings, these productions create an economic boon to local communities far greater than the cost of the credit.
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