Quick Tax Quiz: Film Tax Credits
In 2010, a record 40 states offered $1.4 billion in film and television tax incentives. All told, states have provided nearly $6 billion for such programs over the past decade. 2010 will likely stand as the peak year, since many governors and legislators are ending their programs, preferring to use the money for other priorities or leave it with taxpayers.
For more on film tax credits, see the Tax Foundation Fiscal Fact “More States Abandon Film Tax Incentives as Programs’ Ineffectiveness Becomes More Apparent,” by Joseph Henchman, June 2, 2011.