CHARLOTTE, N.C. —
Supporters of the film industry said they plan to push North Carolina lawmakers to expand the state’s new grant program.
The state’s film tax credit incentive program expired at the first of the year. It was replaced by a $10 million grant program that could provide up to $5 million per movie or television show.
Supporters want that amount increased to a level that’s competitive, but don’t have a number in mind. Since the tax credit expired, film and TV productions have left, and no major movies are planned.
Under the old plan, companies used to claim a 25 percent refund on production up to $20 million.
So far, the shows Banshee and Under the Dome left the state for better incentives. Last year, a study found film and TV companies spent more than a billion dollars over five years in North Carolina.
http://www.wsoctv.com/news/news/local/film-industry-supporters-want-ncs-new-grant-progra/nkFk4/#__federated=1
This entry was posted on February 21, 2015, 1:03 pm and is filed under North Carolina, Tax Incentives. You can follow any responses to this entry through RSS 2.0. Both comments and pings are currently closed.
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