Are Michigan film incentives too lucrative? Some lawmakers call for reduction or killing tax breaks for movie makers

Are Michigan film incentives too lucrative? Some lawmakers call for reduction or killing tax breaks for movie makers
"But the incentives will cost the state an estimated $100 million this year and about $150 million in 2010, according to the Senate Fiscal Agency. While that amount has a few calling for a repeal, most opponents want a lesser tax credit or an annual cap. A proposal this spring called for reducing the credit to 35 percent and capping the annual amount to $50 million. The credit for infrastructure -- building a production facility or sound stage, for example -- would increase from 25 percent to 30 percent but raise the minimum investment required.
'It (tax credits program) cannot continue as it is,' said Sen. Mark Jansen, R-Gaines Township. 'What we have right now cannot be sustained.'"

This is an insane waste of money!

Though not much more insane than most of the democrat proposals.