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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.
Hollywood East is a term for the multiple efforts to build film industry agglomerations on the East Coast of the United States.Recently, the term has been applied to the growing film industry in New England, particularly in Massachusetts [1] and Connecticut, [2] that served as home to the production of over 140 major motion pictures and television series between 2000 and 2013. [3]
The industry has long sought a nationwide film incentive, which would supplement the state-by-state tax credit programs in places like Georgia, New Mexico, California and New York.
In the 2014 legislative session, Raschein worked to renew funding for a "state tax incentive program that entices film and television productions," which benefitted several television series filming in the Florida Keys, but the legislative session ran out before the bill could be considered. She noted, "There were a lot of differing opinions ...
Lawmakers in Kansas are pushing tax credits for film productions to lure big movies and shows to the states. But research shows these incentives are often a waste of taxpayer resources.
In 2021, the Florida Office of Economic and Demographic Research estimated that state’s film tax credit returned a mere 7 cents for every dollar awarded. The same report referenced 19 separate ...
The film industry in Florida is one of the largest in the United States: in 2006, Florida ranked third in the U.S. for film production (after California and New York) based on revenue generated. [1] However, more recent 2009-2010 data no longer show Florida among the top four states.
Gov. Gavin Newsom unveiled a proposal on Sunday to increase California’s film incentive to $750 million, responding to calls to boost the struggling industry. At an event at Raleigh Studios in ...