Senate Committee Considers Revamping Film Tax Credit
LANSING (WWJ) – Michigan’s Hollywood film tax credit would be a thing of the past — under a bill being floated in Lansing.
Senator Randy Richardville tells WWJ’s Lansing Bureau Chief Tim Skubick that a new program he’s pushing is a better program than the Hollywood tax credit instituted by the Granholm Administration.
“Because we have … the infrastructure and the workforce and business support here in Michigan, probably 80, 90 percent of all the money that needs to be spent, can be spent locally now in helping Michigan’s economy,” Richardville said.
The program Richardville is pushing is called “Film and Digital Media Production Assistance.” Richardville’s new package would include not only films, but TV, video and commercials, and a quicker decision — from 60 to 21 days to get the bonuses out to the producers.
Click here for more on this story.