Research Report
Not the Best of Both Worlds: Tax credit will not save movies but will lose money
posted July 21, 2009 by Jacob Burgdorf, Joseph Coletti
A 25 percent income tax credit on film production expenses would cost the state $63.3 million more each year than the current 15 percent credit, which loses $11.2 million. Ernst & Young estimated the state lost $0.02 on each dollar of tax credits assuming all film-related economic activity result from the tax credit.