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The state has long sought to preserve a signature industry from the threat “runaway production” — as studios chase more attractive subsidies in the U.K., Canada and Australia, and in other U ...
Accounting for production spending going to in-state people and businesses versus out-of-state people and businesses, the film tax credit program resulted in $32.6 million in new spending for the Massachusetts economy. The film tax incentive program generated additional Massachusetts state GDP of $168.5 million and personal income of $25.2 million.
The state did curtail its film incentive from $150 million annually to $125 million, as part of a broader reform to reduce personal and corporate income tax rates.
Gov. Kathy Hochul offered an array of sweeteners on Tuesday to the New York film and TV tax incentive, as the state looks to combat a sharp decline in production. Hochul proposed a new $100 ...
House Bill 2, which targets a broad range of incentive programs, aims to simplify the state’s tax code and reduce spending on incentives deemed ineffective or low-yielding.
Since 2018, New Jersey has approved $723 million in tax subsidies for film, television and “digital media” productions, public records show.
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