Tuesday, January 21, 2014

Who’d a thunk-it? All 9 movies nominated for Best Picture were filmed in jurisdictions with movie production incentives

Who’d a thunk-it? All 9 movies nominated for Best Picture were filmed in jurisdictions with movie production incentives | AEIdeas:

Movie Tax Credit"The important question is: do these incentives pay off for the states?

 The answer is no.

Similar to most targeted tax breaks, movie production incentives routinely fail to deliver on the economic promises made by their proponents.

Supporters frequently claim movie incentives create jobs and lead to net gains in tax revenue.

However, data from several states find movie production incentives generate less than 30 cents for every lost dollar in tax revenue."

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