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2013 | 2012 | 2011

3 items from 2013


North Carolina Governor Helps Revive Hopes for Renewal of State’s Production Tax Credit

17 December 2013 3:13 PM, PST | Variety - Film News | See recent Variety - Film News news »

North Carolina’s 25% production tax incentive is due to expire on Jan. 1, 2015, but a news release from the state’s Republican governor, Pat McCrory, has revived hopes among advocates of the credits that the program will be renewed in the coming year.

Last summer, prospects looked bleak for the program after lawmakers approved a state budget that let the program sunset. But McCrory on Tuesday released estimates of the benefits that TV and movie production bring to the state.

With more than 60 productions registered by the North Carolina Film Office in 2013, and a record high of 5,700 production days, McCrory’s office said that the activity generated $254 million in spending and created more than 4,000 jobs for crew members.

“In addition to our state’s beauty, we’ve developed the workforce and artists that make North Carolina an ideal place to produce quality projects efficiently,” McCrory said.

North Carolina Film Office director »

- Ted Johnson

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North Carolina Governor Helps Revive Hopes for Renewal of State’s Production Tax Credit

17 December 2013 3:13 PM, PST | Variety - TV News | See recent Variety - TV News news »

North Carolina’s 25% production tax incentive is due to expire on Jan. 1, 2015, but a news release from the state’s Republican governor, Pat McCrory, has revived hopes among advocates of the credits that the program will be renewed in the coming year.

Last summer, prospects looked bleak for the program after lawmakers approved a state budget that let the program sunset. But McCrory on Tuesday released estimates of the benefits that TV and movie production bring to the state.

With more than 60 productions registered by the North Carolina Film Office in 2013, and a record high of 5,700 production days, McCrory’s office said that the activity generated $254 million in spending and created more than 4,000 jobs for crew members.

“In addition to our state’s beauty, we’ve developed the workforce and artists that make North Carolina an ideal place to produce quality projects efficiently,” McCrory said.

North Carolina Film Office director »

- Ted Johnson

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Runaway Production: The United States of Tax Incentives

26 August 2013 3:53 PM, PDT | Variety - Film News | See recent Variety - Film News news »

Producers looking for a location weigh many factors — screenplay, crew base, availability of stages, travel and lodging — but these days, first and foremost, they consider the local incentives and tax breaks that can reduce a production’s budget. Forty-two U.S. states and territories now offer such benefits, says Joe Chianese, who tracks incentives for payroll services firm Entertainment Partners.

But while such givebacks can be good for the bottom line, they can also be tricky: Incentives can change on a dime, often subject to the whims of a state’s political party when power changes hands.

Michigan’s once-generous incentive program, for example, came under fire when Republican Gov. Rick Snyder came into office in 2011. Snyder cut the state’s 42% refundable tax credit down to 32%, which damaged production infrastructure that had been lured to the state.

“The scaling back of the incentive drastically affected the waterfall of film activity pouring into the state, »

- Peter Caranicas and Rachel Abrams

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2013 | 2012 | 2011

3 items from 2013


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