Industry Leaders Call to Keep Film Tax Credit in Mass. Wednesday – NBC Boston – Boston, Massachusetts
Boston, Massachusetts 2021-06-02 05:57:47
Massachusetts film workers and industry-related small business owners are asking lawmakers to make the state’s current film production tax credit permanent.
At a virtual press conference at 10 am Wednesday, industry leaders said the organizers could lose thousands of jobs if the Senate-backed change to the state’s filmmaking tax credit became legal. Discuss what is expressed as “there is.”
The House and Senate versions of the 2022 budget have different approaches to credit, and the issue will be resolved by the congress committee.
The House of Representatives voted to remove the January 2023 sunset day of the program to make credit permanent. The Senate budget will extend sunset by four years and reform program requirements.
At the Senate’s suggestion, the production company spends at least 75% of the filming budget or spends at least 75% of the major filming dates in Massachusetts, limiting the salary limit for credits to $1 million and credit The transfer must be prohibited.
Local actor Andrea Lyman has consistently won jobs in Massachusetts as the local film industry has grown over the years.
“We are now competing with many other states,” Lyman said. “We are doing well in the competition. We have a lot of things.”
But the change proposed by the Senate would “substantially kill the program by excluding virtually all feature films, television shows, and streaming series,” the opposition group said. Industry leaders said this. If the bill is passed, film production will be transferred to other states instead, claiming that thousands of jobs will be lost in Massachusetts.
The Massachusetts film industry has grown over the years, but some are concerned that the project will move to another state.
Rule Boston Camera John Rule said, “Hollywood has a list of features and locations they are looking for. If you remove some items from that list, they will go looking for another location.
Speakers include union representatives, location manager Ryan Cook, Westerman restaurant equipment and movie props warehouse manager Dandias, and SGPS Showrig manager Steve Robinson.
Since the creation of the Film and Television Production Incentive Program in 2006, industry experts estimate that more than 270 films have been filmed in more than 225 cities and towns, spending a total of more than $ 2.8 billion in Massachusetts.
Production purchases goods and services from thousands of local businesses in more than 265 cities and towns, which make up more than 75% of Massachusetts’ entire community.
State Senator Mike Moore, D-Millbury, said he has persuaded his colleagues to maintain the tax credit and is working to approve the tax credit by the end of this month so that Hollywood has a firm commitment.
“The Senate has passed a wording that includes three to four items telling us that the film industry will kill their efforts here in Massachusetts and see them leave,” Moore said.
Thousands of workers in Massachusetts, who had been shut down for months due to a pandemic of the new coronavirus, are returning to film and television jobs. However, under current law, the incentive program is expected to end in December 2022. READ MORE...