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

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
See full article at Variety - Film News »

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