Oregon’s media community is getting ready to celebrate a huge win for the film and television production industry.
House Bill 2171, which headed to Gov. Kate Brown‘s office shortly before the session ended on Monday, features a bevy of tax-related initiatives, including an extension of the sunset for the Oregon Production Investment Fund.
The fund allows the state to offer up to $10 million in total tax credits to attract film and television productions to Oregon. HB 2171 would extend the program by another eight years.
The approval earned praise from one of Oregon’s best-known media types.
“This is a huge victory for our industry,” said David Cress, a “Portlandia” producer, in a letter sent to Oregon Media Producers Association members. “We are truly stronger when we stand together, and we share this victory as a community.”
Brown is mulling the measure as she prepares to sign a huge stack of 2015 measures. The Legislature adjourned Monday.
http://www.bizjournals.com/portland/morning_call/2015/07/oregons-film-tv-workers-prepare-to-celebrate-tax.html
This entry was posted on July 9, 2015, 3:40 pm and is filed under Oregon, 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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