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Many states provide financial incentives for film and television production. Film production incentives are tax incentives offered on a state-by-state basis throughout the United States to encourage in-state film production. Since the 1990s, states have offered increasingly competitive incentives to lure productions away from other states.
Since 2018, New Jersey has approved $723 million in tax subsidies for film, television and “digital media” productions, public records show.
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 ...
The legislation also scales back the use of tax credits against the state’s corporation franchise tax, targeting incentives like those for recycling equipment and donations to public schools.
The state’s Film and Digital Media Tax Credit Program launched in late 2018 under the leadership of Gov. Phil Murphy after being indefinitely suspended in 2010. ... “In 2018 we put tax ...
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.
The state's film incentives program is among the most generous in the nation, offering a direct rebate of between 25% and 40% on an array of expenditures to entice movie projects, employment and infrastructure investments. As a percentage of the state budget, only Georgia pays out more in incentives.
New York is poised to dramatically increase its film tax incentive from $420 million a year to $700 million, as it looks to stave off competition from New Jersey and Georgia. Gov. Kathy Hochul ...