Film tax credits are critical for any film finance plan and television financing plans as well. The mistakes jurisdictions have made in the past center on not being reliable.
Capital and investors require certainty that a program will be there in the future. As stated in the article attached: ‘certainty’ about Italy’s 40% tax credit for international productions was helping to attract productions. “As long as there is certainty about the tax credits, producers and productions tend to arrive, and right now there is certainty…when the law is not clear, all the production goes away.”
Italian local and inward funding and production is strong
"the studios are currently booked up for the first six months of this year, including with one unnamed series that is occupying eight studios. Recent productions to film at Cinecittà include Ridley Scott’s upcoming post-apocalyptic thriller The Dog Stars and the audio post-production on the second series of Tim Burton’s Wednesday."
Also fundamental to choosing your location is a strong workforce: "helping to attract productions,...is Italy’s skilled workforce and its locations."
Filmmakers need to understand these factors before committing to a location and be able to answer these questions for investors and financiers which most certainly arise.
Good luck in filmmaking.
https://www.screendaily.com/news/italys-cinecitta-studios-to-open-four-more-stages-as-international-shoots-return/5214670.article
