Tuesday, September 28, 2010

Michigan Film Office, refundable tax credits

Michigan Film Office, refundable tax credits [Michigan Capitol Confidential]
"A new issue paper from the non-partisan Senate Fiscal Agency estimates that Michigan film production tax breaks and subsidies generated the equivalent of approximately 355 full time jobs in 2009, or 1,542 if 'indirect' jobs are also counted.
During that year the film incentives' net cost to taxpayers was $37.5 million.

When the agency figures in other factors the cost comes to $193,333 per job created by the incentives, or $44,561 per job if one includes the estimate of 'indirect jobs' created."

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