he Michigan Film Office was formed in 1979 to "assist and attract … Michigan's first film industry tax incentives were enacted in a … production companies to earn tax credits of up to 42 percent of the … warning that, "[T]he film tax credits will cost the State far … and Suzanne Lowe, "MBT Film Credit Cap: Analysis as Reported …
The Michigan Film Office, which employs the equivalent of six … the state began the Michigan Film Incentive, a program that provides refundable credits against the Michigan business tax for qualifying film companies … awarded $48 million in tax credits in 2008.[69] The Michigan …
The Michigan Film Incentive suffers from the shortcomings of … size of its refundable tax credits risks massive wealth transfers from Michigan businesses to film production companies, many … Miller and Kathryn Prater, "Film Incentive Fans Urge Lawmakers to Keep Credits," Lansing State Journal, http://www.lansing …
… Motion Picture Production Credit."[159] The MSU report has … strengths. To the authors' credit, they took care to exclude from their calculations film spending that probably had … Film Industry Refundable Tax Credit Operation and Effectiveness," … Film Industry Refundable Tax Credit Operation and Effectiveness," …
… them — such as the Michigan film incentive, the state's now-defunct … MEGA is the MEDC's flagship tax credit vehicle for "creating" jobs. We also describe the ongoing tax money used to support the MEDC. … estimates. The authors inspected credits awarded from 1995 to the end … to provide more generous film tax incentives. The most significant …
… Insight — and the impact that film industry expenditures had on … $48 million in refundable tax credits;[168] estimates for future … extraordinarily generous film credits being "refundable," a substantial … revenues" of most targeted tax breaks. Moreover, these subsidy … Film Industry Refundable Tax Credit Operation and Effectiveness," …
… eliminates MEGA or the Michigan Film Incentive, it should take steps … Film Incentive's refundable tax credit until another, more accurate … to finance the refundable credits as revenues from Michigan business tax surcharge, which was raised … part of the film incentive tax credit. Tax credits against actual …
… year.[153] On March 2, 2009, the Film Office submitted the report, which listed 35 films that had completed filming in 2008. The document — less … "Film Industry refundable tax credits for 2008" were $47,992,000 … [157] Mike Cox, "Michigan Film Credit Information correspondence …
… select businesses to receive tax credits against the Michigan business tax in exchange for creating or … about the high-profile Michigan Film Incentive subsidy, another … [†] Prior to 2007, MEGA tax credits were granted against the … for winning certain MEGA credits.
… These programs use targeted tax credits, tax abatements, low-interest loans … Authority, a refundable tax credit program, the Michigan Film Incentive Program and the 21st … Technically, MEGA was a tax credit program, but it allowed …
