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Michigan film credits could cost state $2B over a decade

Extra credits given to women and minority-owned businesses

… that together would revive film credits, which have been defunct since 2015. The tax credit could take up to $2.075 … 4908, would create a 30% tax credit for eligible film productions shot in Michigan. The credits are spelled out in House Bill …

‘This is the unholy intersection of Hollywood and politics’

Jacob Whiton and Greg LeRoy on state film subsidies

… Hollywood crew shooting a new film in their state? There has been … the form of transferrable tax credits. Film production companies receive tax credits that are worth much more than any tax state liabilities that they … production companies to sell their credits to other taxpayers. “The film …

Failed subsidy idea gets new hearing anyway

Why then risk hundreds of millions more for industry subsidies with a failed track record?

… evidence of their success, film production subsidies are once … John Roth, would create a tax credit for up to 30% of production … company that qualifies for the credit could then sell it at a discount … another. Providing subsidies for film production, whether here or … including ones that subsidize film productions, is to grow the …

How you tax is almost as important as how much you tax

Deciphering good tax policy takes more than a look at lost revenue

… 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 …

Cap the Film Incentives and Kill the Film Industry in Michigan? Not Yet

Film Industry Supporters Crying Wolf Over Governor's Plans for Film Subsidies

… Detroit Free Press column, film industry proponent and popular … chases films away. No successful tax-incentive state has a cap like … approved nearly $10 million in film credits.   According to the Film … take full advantage of any credit that we have to offer.” James … comparing such targeted tax credit programs to a ‘feeding frenzy’. …

Michigan taxpayers funded artistic and financial flops in last film-subsidy effort

In movies and subsidy programs, the sequel is rarely better

… package of bills to subsidize films and commercials. The hope is … original. And the initial film incentive program in Michigan … movies and TV shows to be filmed (at least partially) in the … to take advantage of our tax credits. The whole thing takes place … subsidy and a transferable tax credit. Regardless of the method …

The GOP Politicians Who Voted Against Ending Film Subsidies

Those voting for more tax credits explain why

… would eliminate the state’s film subsidy program. The action … overhaul of the state's business tax in 2011 also dismantled the … which was “refundable” tax credits. The Legislature reconstituted … began either cashing in the credits or using them against taxes … in December and kill the film credits. House Bill 4122 began …

Plot to Kill Film Credits Begins to Look Plausible

… realistic chance that Michigan’s film subsidy program will end soon. … Development Corporation) credits and the budget. While there … obviously something like the film credits would be something that … revelation that the “refundable” tax credit deals the previous administration … 4122, was taken up by the House Tax Policy Committee on Feb. 25. …

MCPP Experts Take Down Film Program in MLive

… the business of subsidizing film production companies. Skorup … failed to create a sustainable film industry in Michigan. According … Statistics, there are fewer film jobs in Michigan today (1,561) … latest reportfrom the Michigan Film Office. Over the years, the … work. The fiscally conservative Tax Foundation says they "are costly …

Reject Latest Calls to Waste Taxpayer Money on Movies

Spending $500 million on film subsidies was enough

Some in the Michigan film industry want to be subsidized by … spent $500 million subsidizing film production from 2008 to 2015, … nation’s most generous programs. Film producers got a check from … advocates argue that making the credits “transferrable” makes it different … of equal laws.” We shouldn’t tax money out of people’s hands …

Don’t Bring Back Granholm’s Tax Credit Legacy

… considering new targeted tax credit programs, a key part of … was centered on giving tax credits and other favors to politically … and industries – and higher taxes for everyone else. There’s … auto companies, battery firms, film studios, and companies involved … the form of refundable tax credits, essentially direct subsidies. …

Film Tax Credits Don’t Grow the Economy

… state’s newly minted film tax credit program, the governor … $37.5 and $100 million on tax credits in 2009 and 2010 to generate … Development Corporation reported that film incentives created zero full-time … concluded that 80 percent of MPI credits were awarded improperly, a … Foundation, and nonpartisan Tax Foundation — have argued that …

Mackinac Expert Talks Film Incentives on NPR

No full-time jobs were created as a result of this corporate welfare

… once had the most generous film incentive program in the nation, … in Washington, D.C.: “Film tax credits don’t pay for themselves, so states have to raise taxes or cut expenditures (to make … snuff out jobs as fast as film tax credits create them.” Tannenwald … Michigan is still handing out credits to filmmakers while the bill …

Hohman on Film Incentives

Price tag of $500 million for no industry growth

… 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.

The Oscar for Bad Policy

Evidence and experience show film incentives don't create jobs

… Michigan taxpayers bankrolling film production here. The last time … consideration would provide tax credits against expenses incurred … commercial shoots. The tax credits would equal to 20% to 30% … 2019 study of Georgia’s tax credit (up to 30% of video and … Tens of millions of windfall tax advantages to select filmmakers …

Michigan Chamber CEO Blasts Film Subsidies as a 'Boondoggle'

Bill extends film subsidies indefinitely

… legislation to extend Michigan’s film incentive subsidy program indefinitely. … total of $26,551,106 in film credits were claimed from the Department … total of $225,539,660 in film tax credits have been paid out by … to be claimed under the tax credit program.” “What is the … directors, etc.) just paying taxes on the money we’ve paid them?” …

Clock is Ticking on Michigan's Film Subsidies

Unless the bill is vetoed, film incentives end soon

… which would kill the state’s film subsidy program, was presented … presented. It's hard to argue that film subsidies have been anything … them to approve a $2 billion tax hike for road repairs plus other … disclosed that corporate tax credits previously handed out through … Subsidies as a 'Boondoggle' Film Tax Credits Don't Grow the Economy …

Michigan bill revives film subsidies, adds cash giveaway for touting state in commercials

Film subsidies failed to have a lasting impact the first time around

… subsidize companies that make films in the state. A new set of … producers a transferable tax credit worth 25% of what they spend … logo. Producers can claim a credit for the money they spend on … will issue a transferable tax credit amounting to 25%, or $25 … producers to sell their tax credits to other taxpayers. When …

Michigan May Send Film Credits to the Cutting Room Floor

Bill looks to end subsidies, $500 million and no job gains later

… originally appropriated for film production subsidies in the … spokeswoman Katie Carey said the film credit program “has been a good … investigation of all the tax credits, you'd find that with the film credits, that's one of the areas … Kinley, senior director of tax and regulatory reform at the …

Cost to Replace Lost Jobs with Michigan Film Subsidies: $39.4 Billion

… Agency estimates that Michigan film production tax breaks and subsidies generated … program: "The nature of the credit and the resulting activity … provides a "refundable" tax credit of up to 42 percent of the … Story Lawmakers Tackle Film Credit Transparency Michael Moore …