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Evergreen Films is Offering Tax Credits From WALKING WITH DINOSAURS 3D

Evergreen Films is Offering Tax Credits From WALKING WITH DINOSAURS 3D

Greetings, As part of AEDC’s continuing efforts to support our member businesses and offer unique opportunities for your consideration, I am passing on this news. I am again sending information out regarding the transferrable tax credits related to film productions in AK. With the recent filming of EVERYBODY LOVES WHALES and GHOST VISION, I think many of you saw firsthand how these productions are impacting the economy in Anchorage. An opportunity exists to buy the tax credits generated by these productions which may reduce your AK corporate income tax liability by as much as 15%, based on a recent sale of such a tax credits. (Actual rates will be based on individual negotiations.) The credits can be used in up to three tax years. AEDC member Evergreen Films is beginning pre-production on WALKING WITH DINOSAURS 3D in the next few months. This $65M feature film is a co-production with BBC Earth, and will show dinosaurs in a way they have never been seen. Recent discoveries and work by paleontologists prove that dinosaurs lived in AK near the North Slope 70,000 million years ago when the weather there was still fairly mild. This allows the exteriors for this film to be shot around Anchorage. The dinosaurs are being created digitally in Australia and will be place in the AK scenes in post-production. Evergreen Films estimates that @20 Alaskans will be working on the production in 2011. Evergreen Films will have between $2-3M in transferrable tax credits available for sale late 2012 to any business which has Alaska Corporate Income Tax liability. Please feel free to contact Kate Tesar, Director of Business Development for Evergreen Films, at 907-317-8197 or at kate@evergreenfilms.com for additional information on this opportunity. Best regards, Bill Popp President & CEO Anchorage Economic Development Corporation 510 L Street, Suite 603 Anchorage, AK 99501

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