Capping Film Incentives?

March 26, 2009 by Stephanie Potash

Capping Film Incentives?

Legislation introduced on Wednesday March 25th, 2009, they would reduce Michigan’s refundable movie tax credit from 42% to 35%. As well as implement a limit of credits to $50 Million a year and increase the credit for building permanent faculties from 25% to 30%.

According to a recent study conducted by Michigan State University the filming industry has increased from $2 million to more than $100 million with in one year after the law was signed.

http://news.msu.edu/story/6082/

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