Podcasts & RSS Feeds
Most Active Stories
- Don't like the water shut-offs in Detroit? Now you can pay someone's overdue water bill
- Approaching construction on the highway? Experts say the "zipper merge" can help
- These three female candidates could be some of the most interesting leaders in Michigan
- This ballot proposal is critical to Michigan's economy, but most people won't bother to vote on it
- Those who want to outlaw publications over sexually explicit ads should study Constitution first
Fri April 8, 2011
Michigan's film industry urges compromise on tax credits
But now some film folks say they’re willing to compromise.
Since 2008, Michigan has offered up to a 42% tax credit for movies made here. That amounted to the state paying out $60 million last year.
Governor Snyder says the state can’t afford that, and he wants to replace the tax credit with a grant program that caps out at $25 million.
Jeff Spilman is with Michigan Film First, an advocacy group. He says $25 million is too low and won’t bring movies or jobs to Michigan, but he says lowering the incentive to the 35% - 38% range could work:
"We’d still get films here and we’d have a lot of Michigan folks working."
Spilman hopes the state legislators will work out a compromise, "in light of the fact that so many jobs have been created and it happened so quickly and they’re high-paying jobs, it certainly makes sense to have this incentive carry on in a way that brings films to Michigan and hires Michigan people."
Michigan Film First hired a firm to lobby its cause in Lansing.