North Carolina’s Film Tax Credits Head for Cutting-Room Floor
North Carolina is close to dropping one of the most extensive programs for awarding tax breaks to film companies, in what would be a high-profile retreat from an arms race among states to lure Hollywood productions.
More than 800 movies and television shows have been filmed in North Carolina since the 1980s, when « Dirty Dancing » was shot along the banks of this mountain-ringed lake. The state started offering incentives in the early 2000s. In 2012, it paid $69 million in incentives to draw such productions as « The Hunger Games, » and it has netted an average of $168 million in direct production spending a year over the past six years, according to the North Carolina Film Office.
The Motion Picture Association of America says the quality of the state’s studios and film crews rival those found in Hollywood and New York City. The state trails only California, New York, Georgia and Louisiana in production revenue, according to the N.C. Film Office.
But the budget for the next two fiscal years approved in July by the state legislature lets the incentive program sunset on Jan. 1, 2015. Republican lawmakers, who took full control of state government this year for the first time since Reconstruction, as well as some Democrats, say North Carolina would be better off cutting taxes across the board.
Contrairement au Québec, les politiciens de la Caroline du Nord n’ont pas tous un profil « sciences humaines sans math »…