North Carolina Adds Tax Credits for Videogame Industry

July 23, 2010

Yesterday North Carolina Governor Beverly Perdue signed into law new tax incentives for the videogame industry, among other things. The bill, H1973, was signed at Epic Games headquarters in Cary, North Carolina. The new incentives grant media and content producers a tax credit of 15 percent - 20 percent if they work with a university or community college - on development costs that exceed $50,000. The tax credit can not exceed $7.5 million.

In addition to interactive media companies, the measure also provides tax credits for the creation of "eco-industrial parks" and enhances North Carolina’s credit for film production companies, increasing the cap on "qualified expenses" from $7.5 million to $20 million.
"This was a result of a lot of hard work by a lot of dedicated, passionate people," said Wayne Watkins, project manager for Wake County Economic Development.
Louisiana, Georgia, Florida, and Virginia have all enacted similar provisions within the last 18 months, according to Watkins.

Source: Biz Journal by way of E. Zachary Knight
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DorthLous: Passed 1.5M$. And I'd also say that Brutal Legend is far from being a bad game. I just think it was a few levels under what people expected from the people working on the project.02/11/2012 - 8:25am
Technogeek: Brutal Legend wasn't bad so much as "marketing had no idea how the game actually played", causing it to suffer accordingly.02/10/2012 - 10:38pm
RedMage: It looks the CIA's website has been DDOS'ed. Anon?02/10/2012 - 7:52pm
RedMage: Brutal Legend.02/10/2012 - 7:52pm
ddrfr33k: Has anything Tim Schafer ever made been of crap caliber? I'm struggling to think of one...02/10/2012 - 7:37pm
Guamish: I think it is in good hands. Tim did a game for the GDC award show and that was fun for how short it was.02/10/2012 - 12:22pm
Andrew Eisen: It'll be tragic if the game ultimately sucks.02/10/2012 - 12:17pm
james_fudge: $1.3 million02/10/2012 - 11:32am
Uncharted NES: Germany Says It Won't Sign ACTA [Update: ... Yet]- http://tinyurl.com/7r2twrg02/10/2012 - 11:21am
Andrew Eisen: Damn. Double Fine's Kickstarter fund has already passed a million dollars.02/09/2012 - 8:16pm
Andrew Eisen: Audrey didn't quote the sassy parts. Here's IGN's article: http://wii.ign.com/articles/121/1218359p1.html And here's my original post: http://tinyurl.com/7y68a3902/09/2012 - 7:50pm
james_fudge: I hope you some said something sassy! Where's the link?02/09/2012 - 7:46pm
Andrew Eisen: Hey, neat. IGN quoted a blog I had writen only two hours earlier. I certainly timed that one pretty well.02/09/2012 - 7:38pm
Andrew Eisen: Toki Tori has been added to the Humble Bundle for Android.02/09/2012 - 5:11pm
james_fudge: Thanks for the heads-up DorthLous02/09/2012 - 4:33pm
DorthLous: Will do, my apologies.02/09/2012 - 4:14pm
Andrew Eisen: I appreciate the heads up but please keep typo alerts to the specific article's comments or PMs.02/09/2012 - 3:33pm
DorthLous: The title says 30, but in the article, the developer says it's like a 20% net tax http://www.gamepolitics.com/2012/02/09/developers-call-facebook-currency-transaction-fee-thirty-percent-tax02/09/2012 - 2:43pm
Uncharted NES: If they actually release Final Fantasy XI for PlayStation Vita, then I will consider buying one.02/09/2012 - 12:13pm
Uncharted NES: Customers Petition Apple to End Worker Abuse with 250,000 signatures- http://tinyurl.com/6vpuom202/09/2012 - 11:28am
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