Trying to bring back state film credits
While it sound like a lot of taxes to be writing off, but the publicity and this clean industry is invaluable.
Makes you wonder if we'll ever have another Burn Notice-type production in Coconut Grove, as we no longer have a film studio now that the Expo Center is gone and Regatta Park is coming in.
According to WatchDog.org, from 2003 to 2010, the Florida Legislature appropriated $73 million in tax credits to the state’s entertainment production industry. The following three years saw lawmakers dish out $296 million.
Now, according to the Miami Herald, industry reps are pushing for a cool $1 billion subsidy package through 2020.
The subsidies pay for themselves in the end with the money spent by the production companies and again, the publicity for the county and individual cities is immeasurable.
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