Film tax credit

Senate reins in movie star spending

Senate reins in movie star spending

Amendment says salaries over $1m not eligible for film tax credit

THE MASSACHUSETTS SENATE put the state’s film tax credit in play on Tuesday, approving a budget amendment that would shave about $15 million off of the roughly $80 million in subsidies offered to commercials and movies filmed in Massachusetts each year. The film tax credit has become a political football on Beacon Hill, with governors,(...)

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Senator still working on film tax credit changes

Senator still working on film tax credit changes

'There's a lot of moving parts,' Rodrigues says

THE SENATE COCHAIR of the Legislature’s Revenue Committee said on Wednesday that he is still working on legislation that would reduce the cost of the state’s film tax credit. “It’s a work in progress,” said Sen. Michael Rodrigues of Westport, who has been working on the legislation for months. “There’s a lot of moving pieces.”(...)

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Earned income tax credit vs. film tax credit

Earned income tax credit vs. film tax credit

House leader says it doesn't have to be either-or

GOV. CHARLIE BAKER made the first move, calling early in March for an expansion of the politically popular earned income tax credit and proposing to pay for it with money saved by eliminating the state’s film tax credit. A top House leader responded on Tuesday, dismissing Department of Revenue studies suggesting the film tax credit(...)

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Film tax credit spending flows mostly out of state

Only a third goes to Mass. residents

A new state report says the Massachusetts film tax credit program generated more than $300 million in new spending in 2012, but, as in past years, most of that money flowed out of state. The state Revenue Department said Massachusetts handed out nearly $79 million in film tax credits in 2012, generating $304 million in(...)

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Studio report lauds tax credit

Studio report lauds tax credit

Industry study claims film tax credit benefits are greater than DOR estimate

The Hollywood movie studios that benefit financially from the Massachusetts film tax credit released a report on Wednesday indicating the economic gains for the state as a whole are greater than the estimates contained in earlier reports by the state Revenue Department. For 2011, the report said the film tax credit supported 2,220 full-time equivalent(...)

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Cap on film tax credit voted down by House

Cap on film tax credit voted down by House

Mariano says cap would kill state’s film industry

The Massachusetts House rejected a bid to cap film tax credit expenditures at $40 million a year, with a top House leader saying a cap would end up killing the state’s fledgling film and television industry. Rep. Angelo Scaccia offered the cap as an amendment to the House budget on Monday. His proposal, which was(...)

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