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Wed July 13, 2011
Snyder signs Michigan film incentive measure
Governor Rick Snyder has signed legislation allowing more flexibility for Michigan's movie and film incentive program.
The legislation that Snyder announced signing Tuesday gives the Michigan Film Office the ability to negotiate the size of the credits it offers to movie, television and video game producers.
The incentives offered can be lower than the 42 percent subsidy now provided automatically when a project is approved for credits.
Supporters of the change say the current system may provide more taxpayer support for projects than necessary.
The state's movie and film credit program will be capped at $25 million in the fiscal year that starts in October. The state's current incentive program is not capped and offers some of the most generous credits in the nation.