The Mackinac Center in Michigan has this video describing more saga with Michigan’s film taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. incentive program, where Michael Moore has criticized corporate welfare but will receive it for the making of his recent film, “Capitalism: A Love Story.”
Michigan features greatly in our new report on film tax creditA tax credit is a provision that reduces a taxpayer’s final tax bill, dollar-for-dollar. A tax credit differs from deductions and exemptions, which reduce taxable income, rather than the taxpayer’s tax bill directly. s, explaining how they are ineffective at economic development. Read it here. Michigan has one of the most generous film incentive programs, using substantial public resources to attract the industry to the state.
Also relevant to the Michigan film tax credit question is the appropriateness of using taxpayer dollars to subsidize viewpoints many of them probably disagree with.Share