Massachusetts Film Credit Transfer or Sale Application

Film Credit Transfer or Sale Application
Form TSA
Massachusetts Department of Revenue

Form TSA
Film Credit Transfer or Sale Application
For calendar year 2023 or taxable year beginning 	
Name of transferor 	

2023

2023 and ending
Social Security or Federal Identification number

	

	

Street address 	

City/Town 		

Name of transferee 	

Social Security or Federal Identification number

Street address 	
Designated production company representative 	

State 	

Zip

City/Town 		

State 	

Zip

Telephone number 		

E-mail address

City/Town 		

State 	

Name of project
Street address 	

Zip

Certificate Number
Certificate number issued by Massachusetts Department of Revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	

	

Amount of Film Credit Transferred
Total amount of film credit being transferred. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	
Amount paid by transferee for film credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	

Transfer or Sale Information
If the transferee distributes or assigns any portion of the credit to its partners, members or owners, the transferee must complete a Film Credit Transfer or
Sale Application. A separate application is necessary for every individual or business transfer. Upon approval of the application, the Department of
Revenue will issue a Transfer or Sale Film Credit Certificate indicating the amount of credit transferred.

Tax Return Filing
The certificate number and amount of credit must be entered on the appropriate line of the Massachusetts tax return. Transferees receiving this Transfer
or Sale Film Credit Certificate must also enter the appropriate Transfer or Sale certificate number and amount of credit on the appropriate line of their
Massachusetts tax return.

Acknowledgment from the Transferor
, acknowledge that I am selling the credit in the amount of $

I, the transferor,
Signature 	

Print name 			 Date

Declaration
I declare under the pains and penalties of perjury that to the best of my knowledge, the information contained herein is accurate and complete.
Signature 	

On this

Title of authorized representative 		 Date

day of

before me, the undersigned notary public, personally appeared

, provided to me through satisfactory evidence of identification, which was
name was signed above, and who swore or affirmed to me that they executed the same as their free act and deed.
Signature of notary public 	

, to be the person whose

Date of expiration of commission

All film credit information should be mailed to Massachusetts Department of Revenue, Audit Division, 200 Arlington Street, Room 4300, Chelsea, MA
02150, attn. Film Credit Unit.

Form TSA Instructions
What is the Film Payroll/Production Credit?

For taxable years beginning on or after January 1, 2006, Massachusetts allows two credits for motion picture production companies who meet certain qualifications and requirements.

Transfer, Sale or Assignment of the Credit?

A taxpayer subject to the personal income tax under MGL ch 62 or
the corporate excise under MGL ch 63 may transfer, sell or assign
either the payroll or production expense credit, in part or in whole,
to one or more other taxpayers that are subject to the personal
income tax under MGL ch 62 or taxpayers subject to the corporate
excise under MGL ch 63.
Any holder of the credits, including a motion picture production
company, transferee, buyer or assignee, that wants to make a sale,
transfer or assignment of the credits (the “transferor”) shall obtain
a certificate to transfer, sell or assign the credits before making
a transfer to another taxpayer. The transferor must submit to the
Commissioner a statement in the form prescribed by the Commissioner that details the amount of tax credit being sold, transferred or
assigned and any other information required by the Commissioner.
Potential transferors that have an outstanding tax obligation with
the state in connection with any motion picture for any prior taxable
year are not eligible to transfer, sell or assign the credits. Transferees that have an outstanding tax liability are subject to offsets prior
to application of the credit against their current tax liability. Transferees, buyers or assignees may use and carryforward the credits
to any of the five taxable years subsequent to the first taxable year
the credits were allowed to the initial transferor. Transferring, selling or assigning a credit does not extend the five-year carryforward
period.
The required documentation that must be provided for DOR to
execute the transfer of the credit between the transferor and the
transferee are the following: Original Certificate issued by the Department of Revenue, and a completed Form TSA that is signed
by the transferor acknowledging the sale of the credit. Note: POA
must get seller signature for seller acknowledgment prior to signing
Declaration section and submitting the request for sale.
For entities that are Partnerships and/or S-Corporations and are
transferring the credit to the members, a Form TSA must be completed for each member with their apportioned credit. Seller acknowledgment does not need to be completed; only Declaration
must be signed by General Member.

Certificate Number

Enter the certificate number issued by the Massachusetts Department of Revenue for the credit that is being transferred.

Amount of Film Credit Transferred

Box 1. Enter the total amount of film credit being transferred.
Box 2. Enter the amount paid by the transferee for the film credit.

Transfer or Sale Information

If the transferee distributes or assigns any portion of the credit to
its partners, members or owners, the transferee must complete a
Film Credit Transfer or Sale Application. A separate application is
necessary for every individual or business transfer. Upon approval
of the application, the Department of Revenue will issue a Transfer
or Sale Film Credit Certificate indicating the amount of credit transferred.

Tax Return Filing

The certificate number and amount of credit must be entered on
the appropriate line of the Massachusetts tax return. Transferees
receiving this Transfer or Sale Film Credit Certificate must also enter the appropriate Transfer or Sale certificate number and amount
of credit on the appropriate line of their Massachusetts tax return.
Questions or concerns relating to the Film Credit Transfer or Sale
Application should be directed to the Film Credit Unit at 617-8876978.
Mail completed application to Massachusetts Department of
Revenue, Audit Division, 200 Arlington Street, Room 4300,
Chelsea, MA 02150; attn. Film Credit Unit.