![]() Under that program, companies can receive - in the form of a tax credit - up to 30% off qualified production expenses or costs incurred in the state. Between 20, Blue Sky Studios received the full $15 million animation credit every year, and it remains the only company that has received incentives under that program.īeginning in 2016, Blue Sky Studios shifted to the broader Film and Digital Media Production Tax Credit, which has no cap. ![]() The company should have been eligible for a program known as the Digital Animation Production Tax Credit, which is capped at $15 million a year, auditors said. That’s because, according to auditors, Blue Sky Studios applied for - and received - the wrong credit. ![]() ![]() But by the auditors’ same logic, the two $32 million payments to Blue Sky Studios in the last two years would amount to overpayment of another $34 million, they told the Mirror. The audit report, released March 31 of last year, didn’t include tax credit data for 20. ![]()
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