Section 261.36.3. Request for registration of a film, television, or video project.

To be eligible to receive tax credits under this program, a request for registration shall be submitted to IDED. Requests for registration of projects must be received in accordance with deadlines posted by the department. The Iowa film office at IDED will specify the form and content of the requests, which, at a minimum, shall document that the project:

       36.3(1) Is a legitimate effort to produce an entire film, television, or video episode or a film, television, or video segment in the state.

       36.3(2) Will include expenditures of at least $100,000 in the state and have an economic impact on the economy of the state or locality sufficient to justify assistance under the program.

       36.3(3) Will further tourism, economic development, and population retention or growth in the state or locality.

       36.3(4) Is intended to be widely distributed beyond the Midwest region.

       36.3(5) Will not depict or describe any obscene material, as defined in Iowa Code section 728.1.

       36.3(6) Has commitments for at least 50 percent of the funding.

       36.3(7) The department may charge a nonrefundable fee for registration of a project under the program. The fee shall be paid to the department. The amount of the fee shall equal 1/8 of 1 percent of the value of the tax credit, and 1/16 of 1 percent of the estimated credit value shall be paid upon confirmation of the project's eligibility to contract with the state under the program. The remaining balance shall be paid upon calculation of the total project qualified spending. Registration fees collected by the department under this subrule shall be used to support industry training, to sponsor industry events and to market the program. One-half of the fees collected will be used for industry training, 25 percent of the fees collected will be used to sponsor industry events and 25 percent of the fees collected will be used to market the program.

[ARC 7956B, IAB 7/15/09, effective 7/1/09]