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From Hollywood to Federal Feuds: Tax Credits Face a Plot Twist
đź“„ Podcast Description:
 This week on Tax Credit Talk, hosts Hallie James and Parker An cover a whirlwind of updates across the tax credit landscape, from New York’s expanded film incentives to new federal bottlenecks in clean energy and Maine’s aggressive move to support rural preservation and affordable housing.
🎬 First up: New York’s independent film tax credit just raised the stakes. A new Production Plus uplift adds an extra 5 to 10 percent for companies spending $20 million to $100 million across multiple projects. The catch? Application windows are tight, and the program favors producers with shovel-ready slates, making readiness and execution more critical than ever.
🌬️ Meanwhile, clean energy developers just hit a federal speed bump. All wind and solar projects on federal lands and waters now require personal approval from Interior Secretary Doug Burgum. This move adds bureaucracy, delays timelines, and signals a policy tilt toward fossil fuels over subsidy-backed renewables.
🧾 On the compliance front, the IRS announced monthly office hours beginning August 2025 through January 2027. These are designed to help with the mandatory pre-filing registration for those planning to claim elective (direct) payments on qualifying energy credits. This guidance will be critical as deadlines approach.
🏛️ And up north, Maine is doubling its annual historic tax credit cap from $5 million to $10 million for 2025 and 2026. The updated program offers a 35 percent credit for certified rural rehabilitation projects, with an additional 10 percent bonus if affordable housing is included. It’s a targeted, flexible approach aimed at boosting both preservation and housing access outside urban cores.
🧩 Inside the episode:
- New York Film Tax Credit: Production Plus uplift targets high-volume, ready-to-roll producers
- Federal Clean Energy Slowdown: Projects now need Secretary-level approval
- IRS Office Hours: Monthly sessions open for pre-filing registration guidance
- Maine Historic Tax Credits: Cap doubled with layered rural and housing incentives
🎙️ Brought to you by Fallbrook Financial Services
Fallbrook Financial Services is one of the largest state tax credit brokerages in the U.S., having placed over $6 billion in credits across renewable energy, housing, film, brownfields, and more. If you’re buying, selling, or strategizing around credits, visit www.fallbrookfinancialservices.com or email us at [email protected].
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By Fallbrook Financial Servicesđź“„ Podcast Description:
 This week on Tax Credit Talk, hosts Hallie James and Parker An cover a whirlwind of updates across the tax credit landscape, from New York’s expanded film incentives to new federal bottlenecks in clean energy and Maine’s aggressive move to support rural preservation and affordable housing.
🎬 First up: New York’s independent film tax credit just raised the stakes. A new Production Plus uplift adds an extra 5 to 10 percent for companies spending $20 million to $100 million across multiple projects. The catch? Application windows are tight, and the program favors producers with shovel-ready slates, making readiness and execution more critical than ever.
🌬️ Meanwhile, clean energy developers just hit a federal speed bump. All wind and solar projects on federal lands and waters now require personal approval from Interior Secretary Doug Burgum. This move adds bureaucracy, delays timelines, and signals a policy tilt toward fossil fuels over subsidy-backed renewables.
🧾 On the compliance front, the IRS announced monthly office hours beginning August 2025 through January 2027. These are designed to help with the mandatory pre-filing registration for those planning to claim elective (direct) payments on qualifying energy credits. This guidance will be critical as deadlines approach.
🏛️ And up north, Maine is doubling its annual historic tax credit cap from $5 million to $10 million for 2025 and 2026. The updated program offers a 35 percent credit for certified rural rehabilitation projects, with an additional 10 percent bonus if affordable housing is included. It’s a targeted, flexible approach aimed at boosting both preservation and housing access outside urban cores.
🧩 Inside the episode:
- New York Film Tax Credit: Production Plus uplift targets high-volume, ready-to-roll producers
- Federal Clean Energy Slowdown: Projects now need Secretary-level approval
- IRS Office Hours: Monthly sessions open for pre-filing registration guidance
- Maine Historic Tax Credits: Cap doubled with layered rural and housing incentives
🎙️ Brought to you by Fallbrook Financial Services
Fallbrook Financial Services is one of the largest state tax credit brokerages in the U.S., having placed over $6 billion in credits across renewable energy, housing, film, brownfields, and more. If you’re buying, selling, or strategizing around credits, visit www.fallbrookfinancialservices.com or email us at [email protected].