Saturday, January 16, 2021

NORTH CAROLINA ENDS TAX CREDITS FOR FILMMAKERS

August 22, 2014 by · Leave a Comment 

North Carolina, whose tax incentives for filmmakers have made it one of the top destinations for movie and TV productions, has terminated the program, replacing it with a $10-million fund. The state’s action "has kind of brought things to a halt," Johnny Griffin, director of the Wilmington Regional Film Commission, told the Daily Tar Heel, the student newspaper of the University of North Carolina at Chapel Hill. "We are one of the top destinations in the country," he said. "But with the incentive ending, that sort of takes us off the map." The commission claims that 40 films, employing 19,000 workers, have been made in North Carolina so far this year and that studios have spent $268 million in the state on them. Meanwhile, a four-year plan providing $400 million annually in incentives for California filmmakers that was included in a bill passed by the legislature is awaiting Governor Jerry Brown’s signature, but it is by no means certain that he will sign it. Several analysts are predicting that he will demand that the amount, which is four times the current incentives’, be slashed.