North Carolina could end film incentive program

North Carolina could end film incentive program

myfox8.com

[ooyala code=”R0NmhybTrYZj6mZqIBK-83q–q4Xi9c_” player_id=”d8f58704137d45e392883052ae837773″]

WINSTON-SALEM, N.C. — Some people in the film industry are afraid the General Assembly will cut North Carolina’s film incentive program, which would discourage Hollywood to come here.

Later this month, lawmakers plan to discuss whether or not to renew the program, which works as tax credit for filmmakers.

Without the 25 percent tax credit, movies like “The Hunger Games” and “Iron Man 3” would not choose North Carolina for filming, according to Piedmont Film Commission Executive Director Rebecca Clark.

On May 14th, lawmakers plan to decide whether or not to renew the 25 percent film incentive, set to end January 2015.

Film makers have to spend at least $250,000 to qualify.

Nearly 4,000 people rely on the production jobs the film industry brings to the Triad.
On average, one to $8 million is spent in the local economy when a movie comes to town.

View original post 69 more words

Advertisements