The old film incentives were scrapped in the tax overhaul approved by the Michigan legislature and the Governor.
They said the old film incentives, which gave production companies a 42% credit on total expenses in Michigan, was too costly ($115 million was spent last year, according to the Mackinac Center for Public Policy).
In it's place, a $25 million film incentive program for Michigan's next fiscal year (which starts October 1).
Now, Senate Majority Leader Randy Richardville says he wants to improve the film incentives.
MPRN's Rick Plua filed this report:
Richardville says his new proposal would focus financial support in activities that reward spending on Michigan products, services, and workers.
He says investors have put money into expensive production facilities, and workers have learned new skills in the belief that incentives would attract more film business to the state.
“I think the strength of that workforce, the strength of the investments we have in Michigan will cause us to win contracts in competitive situations versus other states. Once we’re done with that, then let’s analyze it to see what we can afford versus what the industry needs to sustain itself here in Michigan.”
Governor Rick Snyder’s office says he would like to see how Michigan’s new incentive program is working before making changes.
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