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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 …