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Proposed new tax credits for video game development in BC

By Chris Bennett, Tudor Carsten, Michael R. Coburn, Sarah Dale-Harris, Pablo Guzman, Danielle (Dani) Lemon, Chris Metcalfe and David Spratley

The British Columbia government just announed a proposed new tax credit for the BC film and video game industries. The proposal includes:<p> <p> * a credit for video game development, of 17.5% of qualifying BC labour costs<p> * a 33% credit on labour costs for foreign productions<p> * a VFX tax credit bonus of 17.5%<p> * a qualified BC labour expenditures cap of 60% of production costs<p> <p> If passed, the credit for the video game industry would apply to game development that begins after August 31, 2010. <p> <p> The purpose of the credits is to help BC compete with other provinces and countries who have actively supported the games industry.<p> <p> BC government news release is here.<p> <p> Our previous coverage of Ontario tax credits is here.<p>Bookmarks: <a href="http://del.icio.us/login/?url=http://www.davis.ca/en/blog/Video-Game-Law/2010/02/04/Proposed-new-tax-credits-for-video-game-development-in-BC&title=Proposed+new+tax+credits+for+video+game+development+in+BC" >Delicious</a>, <a href="http://digg.com/tools/digthis.php?u=http://www.davis.ca/en/blog/Video-Game-Law/2010/02/04/Proposed-new-tax-credits-for-video-game-development-in-BC" >Digg </a>, <a href="http://www.facebook.com/sharer.php?u=http://www.davis.ca/en/blog/Video-Game-Law/2010/02/04/Proposed-new-tax-credits-for-video-game-development-in-BC">Facebook</a>, <a href="http://www.google.com/bookmarks/mark?op=add&bkmk=http://www.davis.ca/en/blog/Video-Game-Law/2010/02/04/Proposed-new-tax-credits-for-video-game-development-in-BC&title=Proposed+new+tax+credits+for+video+game+development+in+BC" >Google</a>, <a href="http://reddit.com/submit?url=http://www.davis.ca/en/blog/Video-Game-Law/2010/02/04/Proposed-new-tax-credits-for-video-game-development-in-BC&title=Proposed+new+tax+credits+for+video+game+development+in+BC">Reddit</a>, <a href="http://www.stumbleupon.com/submit?url=http://www.davis.ca/en/blog/Video-Game-Law/2010/02/04/Proposed-new-tax-credits-for-video-game-development-in-BC&title=Proposed+new+tax+credits+for+video+game+development+in+BC">StumbleUpon</a>, <a href="http://myweb2.search.yahoo.com/myresults/bookmarklet?u=http://www.davis.ca/en/blog/Video-Game-Law/2010/02/04/Proposed-new-tax-credits-for-video-game-development-in-BC&=Proposed+new+tax+credits+for+video+game+development+in+BC" >Yahoo</a>

Full post as published by Video Game Law Blog on February 05, 2010 (boomark / email).