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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.
(The Center Square) − Several bills passed by Louisiana lawmakers will eliminate numerous tax rebates, exemptions, credits, and deductions, beginning in 2025. House Bill 2, which targets a broad ...
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.
District A Shreveport City Councilwoman Tabatha Taylor says the tax credit is the key component to the city's growing film industry.
The program offered 20 percent tax credits statewide and 22% in urban enterprise zone, to television and film productions that met the standards for hiring and local spending. [9] [10] The tax credit was lower than that of other states offering similar incentives.
The Pennsylvania Film Production Tax Credit is a tax credit program supporting the production of feature films and television programs in Pennsylvania. The tax credit was signed into law by Gov. Ed Rendell in July 2004. [1] The tax credit for qualifying productions equals a 25% reduction in Personal Income Tax, Corporate Net Income, Capital ...
Louisiana will preserve its tax incentive for film and TV production, with a $25 million cut, under a budget deal reached by lawmakers. The state Senate voted 38-1 on Friday to lower the cap on ...
In March, the film office announced the first film to receive funding from the tax credit, "On Fire." The St. Louis-based production received $6.9 million from the credit and employed 550 ...
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