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Monday, October 07, 2013
Ind. Gov't. - More on "States’ Film Production Incentives Cause Jitters"
Updating this ILB entry from Dec. 4, 2012, John Ketzenberger's new weekly column, "Business Insider," in the Indianapolis Star begins with a story headed "Incentives needed to shoot films in Indiana." A sample:
“The Fault in Our Stars,” a movie that absolutely should be made in Indiana (it is set in Indy locations), is shooting in Pittsburgh instead.
When it comes to incentives for making movies, Film Indiana brings a peashooter to a bazooka battle. Film Indiana, the successor to the moderately successful Indiana Film Commission, has an arsenal of exactly one incentive: the state will waive sales and county innkeepers’ taxes on rooms rented for at least 30 days.
Meanwhile Michigan offers a tax credit of up to 42 percent of a production company’s expenditures related to a film project. In Ohio, it’s 25 percent of expenses and 35 percent of the wages paid to Buckeyes. Even Kentucky offers a 20 percent tax credit.
The worthiness of tax credits all depends upon your point of view. Former Gov. Mitch Daniels blessed some tax credits, but he didn’t like what he called subsidies for the movie business. Daniels vetoed a bill to enact a 15 percent tax credit for film production, which is exactly the opposite tack taken by our neighboring states and Pennsylvania, which allows up to $60 million in such tax credits each year and where “The Fault in Our Stars” is being filmed.
Posted by Marcia Oddi on October 7, 2013 01:31 PM
Posted to Indiana Government