Update: Kentucky Ups the Ante on Film Tax Credits, Effective July 1, 2025

On March 26, 2025, Senate Bill 1 was signed by the Governor of Kentucky. This bill establishes the Kentucky Film Office (“Office”) as an attachment to the Kentucky Cabinet for Economic Development and creates the Kentucky Film Leadership Council (“Council”) as an extension of the proposed Kentucky Film Office.

As reported earlier, the Office and Council would be responsible for, but not limited to, the following:

• Administering and overseeing the Kentucky Entertainment Incentive Program

• Coordinating with local and regional film commissions

• Marketing Kentucky as a location for film production

• Assisting film studios and workforce training programs to increase film-based employment

• Reviewing applications for tax incentives

• Developing strategies for attracting new film-based projects

Why Ryan?

Ryan’s Credits and Incentives team has a proven track record of working not only with Fortune 1000 clients but smaller developing companies in the retail and entertainment industry. Ryan tax professionals represent 90% of the retail companies and 82% of the real estate companies that comprise the Fortune 500. Additionally, Ryan has secured multimillion-dollar savings for world-class entertainment venues.

With more than 45 global tax services, Ryan’s expertise in every major tax area across every major industry is second to none. We go beyond the expected and look for the exceptions that benefit our clients.

The material presented in this communication is intended to provide general information only and should solely be seen as broad guidance and not directed to the particular facts or circumstances of any individual who may read this publication. No liability is accepted for acts or omissions taken in reliance upon the content of this piece. Before taking (or not taking) any action, readers should seek professional advice specific to their situation from Ryan, LLC or other tax professionals.