New bill hopes to restore film tax credits in Michigan

Friday, February 18, 2022 3:40 PM | Anonymous

Could Hollywood make a comeback in Michigan? I sure hope so! new law Reinstatement of film tax incentives to bring film production back to our state has just been introduced in both the Michigan House and Senate.

In previous years Michigan had one of the most attractive tax incentives in the country for filmmakers and offered a 42% discount on production costs. The bill was signed in 2008 by Governor Jennifer Granholm and brought several big-name productions to the state, however, that incentive was discontinued in 2015 by Governor Rick Snyder.

at the height of filmmaking in michigan we saw main movie As if road to Perdition starring Tom Hanks, Transformers: The Last Knight starring Mark Wahlberg, and batman vs superman Starring Ben Affleck and Henry Cavill, everyone comes to our state to see the movie. When these large scale constructions come to town they bring in a whole crew who are in need of housing, food and entertainment. for example, transformer The production alone had a crew of 850 members, which means our state benefits from their dollars spent here during filming.

I must admit, I was very disappointed when I heard that the state’s film tax incentive was being repealed. It was fun hearing stories about celebrity sightings when these productions were in town and you never knew what you might run into! I remember a special story about everyone boom that shook downtown detroit transformer was filming. It was exciting to know that a little slice of Hollywood was in our state!

These days it seems like we see almost everything the walking dead To ozarki To avengers: end game All were filmed in Georgia, a state with a liberal film tax incentive. I’m tired of Michigan missing all the action!

The new proposed bill would provide a base tax credit of 25% for spending in the state, in addition to 5% to include a “filmed in Michigan” logo and a potential 30% tax credit for hiring Michigan residents. I call it a win-win!

It’s a long process, but hopefully this new proposal will be soon enough to be signed into law someday.

Read article at Michigan News

Michigan Film Industry Association (MiFIA)
117 E Kalamazoo St

Lansing, MI 48933

(517) 580 - 7710

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