… ineffectiveness of Michigan’s film incentive program. The House Tax Policy committee continues to … bill that would repeal the film incentive program. The state has spent $500 million on the film subsidies and is authorized … state has gained no permanent film industry jobs.
… by eliminating “ineffective tax loopholes” to pay for the college … percent of the $35 billion in tax credits the state gives out. McCann said under the plan any new tax credit would be limited to four … review panel” to see if the tax credits were effective and producing … Senate to support the state's film subsidy program. Whitmer also …
… having second thoughts about film tax incentives. Iowa is cancelling … Rick Snyder has said that film credits aren’t sustainable and … restructured. The Missouri Tax Credit Review Commission released … that recommended ending its film incentives. The report stated: … “He doesn’t support the film tax credit,” Albrecht said of Branstad. …
… to 2015, Michigan subsidized film production up to 42% of costs. Producers received a refundable tax credit, meaning that any amount greater than the taxes a film company paid resulted … personnel expenditures. That credit will apply against any Michigan … lawmakers can sell their film credits to other taxpayers. This …
… Economic Growth Authority tax credits. The program gave select businesses credits based on how much they paid … the state’s Michigan Business Tax raises nothing for the state … taxes. The homestead property tax credit used to be a way for state … often through the tax code. Film producers want taxpayers to …
… Sunshine Week, the Michigan Film Office has issued a report … detailed spending figures for each film receiving the Michigan Film Incentive’s refundable tax credits in 2008, but instead supplies … generous subsidies and tax credits. The Film Office argues … films that qualified for the tax credit, the figure should almost …
… million, one-time allowance for film subsidies in Michigan. This … 2008, which gave unlimited tax breaks/subsidies of up to 42 … Richardville, R-Monroe, on the film subsidies: “(Richardville) … million allocated to the state’s film incentive program for new movie … representative in 2008, Huizenga took credit for pushing the original legislation, …
If the state’s film subsidy were a movie itself, it likely would … proposing to eliminate the film credit completely. Nancy Cassis … accountable effort to leverage tax dollars more responsibly." … led people to rethink the film tax giveaway. "… the 'handwriting … awarded $93 million in tax credits in 2012, some for projects …
… sunset provision for the state’s film incentive program, meaning … poorest ways for states to spend tax dollars. Joe Henchman is the … projects for the nonpartisan Tax Foundation. He was in Michigan … by MIRS News about the film credit program. “These states … California has tripled its film credit spending to over $300 million …
… packages that would reauthorize film subsidies and earmark money from the corporate income tax to select companies. Because … worth of corporate income tax credits for every dollar they spend … Hollywood generates little tax liability in the state, but legislators would allow the tax credits to be sold to other businesses, …
