Film Tax Credit
The Michigan Film Office has approved its first financial incentive for a movie project since ending a program that offered some of the nation’s most generous breaks.
The measure sets up some guidelines for dividing up the $25 million available for state film and movie incentives in the fiscal year that began Oct. 1.
Michigan’s Hollywood film tax credit would be a thing of the past — under a bill being floated in Lansing.
Organizers expecting 1,000 people move meeting to Laurel Manor.
A group of business leaders who have benefited from the growth in the film industry in Michigan Wednesday announced the formation of Michigan Film First, a coalition to connect and promote the state’s movie, television and digital media production industry. Besides education and networking efforts, the group will seek to keep Gov. Snyder and the Legislature from slashing the film industry tax credit.
Just as the Snyder administration is thinking of sharply cutting it, a report showing a positive return on investment from Michigan’s film tax credit has been released from the accounting firm Ernst & Young.
Governor Granholm says critics of Michigan’s generous tax incentives for the film industry need to look beyond revenues to see the benefits to the state.