Michigan Gov. to film biz: Drop dead

Republican's budget proposal slashes film incentives

The generous incentives that have made Michigan a destination for Hollywood production in the past few years are in peril after Gov. Rick Snyder unveiled his budget Thursday that would slash funding for the program.

If the state legislature approves the newly elected Republican’s proposal, Michigan’s 42% production-cost tax kickback would likely be eliminated, and only $25 million would be set aside for filmmaking incentives in 2012 — a steep decline from the more than $100 million the state approved in 2010.

Preapproved tax incentives will still be honored.

How Snyder’s $25 million in proposed incentives would be distributed would have to be determined by Michigan lawmakers.

Since the state began luring productions with its incentives in 2008, 135 productions have been completed there, and filmmakers have spent an estimated $650 million.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety

Loading